CHAPTER 32. TRANSFERS OF OWNERSHIP

IC 27-13-32

    

Chapter 32. Transfers of Ownership

IC 27-13-32-1

Acquisition of control of health maintenance organization or
limited service health maintenance organization

    

Sec. 1. (a) This section does not apply to a health maintenance
organization or a limited service health maintenance organization
that is a foreign corporation.

    (b) As used in this section, "foreign corporation" means a
corporation organized or reorganized under the law of a state or
jurisdiction other than Indiana.

    (c) A person may not acquire control, as that term is defined in
IC 27-1-23-1, of a health maintenance organization or a limited
service health maintenance organization unless:

        (1) that person complies with the requirements of IC 27-1-23-2;
and

        (2) the acquisition is approved by the commissioner under the
procedure set forth in IC 27-1-23-2.

As added by P.L.26-1994, SEC.25. Amended by P.L.185-1996,
SEC.17; P.L.203-2001, SEC.30.