§ 28-1-21.9-15 — Articles of charter conversion

Indiana § 28-1-21.9-15

• Jurisdiction: Indiana
• Art. 1: DEPARTMENT OF FINANCIAL INSTITUTIONS
• Ch. 21.9: Charter Conversion of a Mutual Savings Bank to a

Text

(a) To effect the charter conversion, the
converting savings bank must file with the secretary of state articles of
charter conversion showing the approval of the director of the
department.
(b) The converting savings bank shall record copies of the articles
of charter conversion with the county recorder of the county where the
principal office of the stock savings bank is located.
(c) The articles of charter conversion constitute articles of
incorporation and must set forth the elements required in IC 28-12-2-1.

Legislative History

As added by P.L.42-1993, SEC.44. Amended by P.L.262-1995, SEC.48.