IC 27-15-2-1 : Commencement of demutualization

Sec. 1. The board of directors of the converting mutual shall commence the demutualization process by adopting a resolution that proposes:

(1) the amendment of its articles of incorporation under IC 27-1-8-2; and

(2) a plan of conversion.

As added by P.L.94-1999, SEC.3.