State Codes and Statutes
Statutes > Indiana > Title27 > Ar13 > Ch32
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.
