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.
Commencement of demutualization
Ind. Code § 27-15-2-1, under Plan of Conversion.
Ind. Code § 27-15-2-1