Indiana § 28-1-21.4-11 Approval or disapproval by department

Indiana Statutes

§ 28-1-21.4-11 — Approval or disapproval by department

Indiana § 28-1-21.4-11

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 21.4Charter Conversion of a Building and Loan

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Bluebook

Ind. Code § 28-1-21.4-11 (2026).

Text

(a)The department may approve or disapprove the conversion plan filed under section 9 of this chapter.

(b)The department is not required to hold a hearing on the conversion plan.

(c)Solicitation of the votes of voting parties may occur before the savings association receives approval of the department if the director of the department has reviewed the proxy solicitation material and has notified the savings association in writing that the department does not object to the use of the material.

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(a) The department may approve or
disapprove the conversion plan filed under section 9 of this chapter.
(b) The department is not required to hold a hearing on the
conversion plan.
(c) Solicitation of the votes of voting parties may occur before the
savings association receives approval of the department if the director
of the department has reviewed the proxy solicitation material and has
notified the savings association in writing that the department does not
object to the use of the material.