Definitions relating to merger

Sec. 2.5. (a) As used in section 3 of this chapter, "participating shares" means shares that entitle the shareholders to participate without limitation in distributions. (b) As used in section 3 of this chapter, "voting members" means members or policyholders entitled to vote unconditionally in the election of directors. (c) As used in section 3 of this chapter, "voting shares" means shares that entitle the shareholders to vote unconditionally in the election of directors. As added by P.L.185-1997, SEC.4.