CHAPTER 9. FORMULA FOR ALLOCATION OF CONSIDERATION AMONG MEMBERS
IC 27-15-9
Chapter 9. Formula for Allocation of Consideration AmongMembers
IC 27-15-9-1
Value, amount, or proportion of consideration received
Sec. 1. The method or formula for allocating consideration amongthe eligible members shall provide for each eligible member toreceive:
(1) a fixed value, amount, or proportion of consideration;
(2) a variable value, amount, or proportion of consideration; or
(3) a combination of fixed and variable values, amounts, orproportions of consideration.
As added by P.L.94-1999, SEC.3.
IC 27-15-9-2
Applicable actuarial principles
Sec. 2. Any method used or formula developed for the fair andequitable allocation of stock among eligible members under thisarticle must utilize generally accepted actuarial principles.
As added by P.L.94-1999, SEC.3.