Indiana § 27-3-2-8 - Treatment of assets
Full text of Indiana Indiana Code § 27-3-2-8 — Treatment of assets, with citation guidance and answers to common questions.
§ 27-3-2-8. Treatment of assets
Sec. 8. No part of the assets now possessed by such company, or that shall be possessed at the time of the meeting at which it is determined to issue stock, or which may be acquired in the interim, shall be divided among the members of such company, or be expended, except for the ordinary disbursements of such company made in the usual course of its business, including losses incurred upon its policies, but such assets shall remain and constitute as heretofore a fund in the hands of such company for the security of the holders of its policies.
Formerly: Acts 1895, c.158, s.8.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-3-2-8
What does Indiana Code § 27-3-2-8 cover?
Section 27-3-2-8 ("Treatment of assets") 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 § 27-3-2-8?
A common citation format is "Indiana Code § 27-3-2-8" (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 § 27-3-2-8 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.