Indiana § 27-1-20-15 - Automatic revocation of authority for failure to timely complete organization
Full text of Indiana Indiana Code § 27-1-20-15 — Automatic revocation of authority for failure to timely complete organization, with citation guidance and answers to common questions.
§ 27-1-20-15. Automatic revocation of authority for failure to timely complete organization
Sec. 15. If any company, whether organized under the provisions of this article or of any statute enacted prior to March 8, 1935, for the purpose of making any kind or kinds of insurance, does not complete its organization and proceed with the transaction of business, pursuant to the provisions of the statute under which it is organized, within a period of one (1) year after its articles of incorporation or its organization shall have been approved and filed in the office of the secretary of state, the approval so given shall be deemed to be revoked and such articles of incorporation or such organization shall be null and void.
Formerly: Acts 1935, c.162, s.264. As amended by P.L.252-1985, SEC.92.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-1-20-15
What does Indiana Code § 27-1-20-15 cover?
Section 27-1-20-15 ("Automatic revocation of authority for failure to timely complete organization") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 27-1-20-15?
A common citation format is "Indiana Code § 27-1-20-15" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 27-1-20-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.