State Codes and Statutes
Statutes > Indiana > Title27 > Ar13 > Ch32.5
IC 27-13-32.5
Chapter 32.5. Voluntary Dissolution
IC 27-13-32.5-1
Notice; filing articles of dissolution
Sec. 1. Upon authorization of voluntary dissolution by the board
of directors and any shareholders entitled to vote in respect of the
voluntary dissolution, the board of directors shall:
(1) cause a notice that the health maintenance organization is
about to be dissolved to be published at least once in a
newspaper of general circulation, printed and published in the
English language, in the county in which the principal office of
the health maintenance organization is located, and at least once
in a newspaper of general circulation, printed and published in
the English language in the city of Indianapolis, Marion County,
Indiana;
(2) cause a copy of the publication under subdivision (1) to be
mailed to each subscriber;
(3) file a copy of the publication under subdivision (1) with the
department;
(4) file a certified copy of the articles of dissolution with the
department; and
(5) present to the department the certificate of authority issued
or renewed under IC 27-13-3-1 for cancellation.
The department shall file the certified copy of the articles of
dissolution, cancel the certificate of authority, endorse the
cancellation on the certificate, and return the canceled certificate of
authority to the health maintenance organization or its
representatives.
As added by P.L.203-2001, SEC.31.
IC 27-13-32.5-2
Effect on rights of enrollees
Sec. 2. The dissolution of a health maintenance organization
under this chapter does not alter the rights of an enrollee under
IC 27-13-7-13.
As added by P.L.203-2001, SEC.31.
