Indiana Code
Ind. Code § 27-15-1-7 (2026)
"Eligible member"
✓ current as of May 2026
Sec. 7. "Eligible member" means a person who:
(1) is a member of the converting mutual on the date the converting mutual's board of directors adopts a resolution proposing a plan of conversion and an amendment to the articles of incorporation; and
(2) continues to be a member of the converting mutual on the effective date of the conversion.
As added by P.L.94-1999, SEC.3.
Notes of Decisions
Cited in 2
cases, 2010–2012 · leading case: Gold v. Rowland, 994 A.2d 106 (Conn. 2010).
Gold v. Rowland, 994 A.2d 106 (Conn. 2010). “[8] Under Indiana law, "`[e]ligible member' " is defined as a person who "(1) is a member of the converting mutual on the date the converting mutual's board of directors adopts a resolution proposing a plan of conversion and an amendment to the articles of incorporation; and (2)…”
Ronald Mell, Sr. v. Anthem, Inc., 688 F.3d 280 (6th Cir. 2012). “See Ind. Code Ann. § 27-15-1-7 . CONCLUSION Despite Plaintiffs’ multiple theories suggesting that they are entitled to the Anthem demutualization proceeds, Plaintiffs cannot recover any of the demutualization compensation.”
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