Indiana § 28-1-21.9-10 Approval or disapproval of conversion plans by department; hearings;
solicitation of votes

Indiana Statutes

§ 28-1-21.9-10 — Approval or disapproval of conversion plans by department; hearings; solicitation of votes

Indiana § 28-1-21.9-10

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 21.9Charter Conversion of a Mutual Savings Bank to a

This text of Indiana § 28-1-21.9-10 (Approval or disapproval of conversion plans by department; hearings; solicitation of votes) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-1-21.9-10 (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 bank receives approval of the department, if the director of the department has reviewed the proxy solicitation material and has notified the savings bank in writing that the department does not object to 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 bank receives approval of the department, if the director of the
department has reviewed the proxy solicitation material and has
notified the savings bank in writing that the department does not object
to use of the material.