§ 28-1-30-10 — Articles of mutual bank conversion

Indiana § 28-1-30-10

• Jurisdiction: Indiana
• Art. 1: DEPARTMENT OF FINANCIAL INSTITUTIONS
• Ch. 30: Charter Conversion of a Credit Union to a Mutual

Text

(a) The converting credit union shall file
articles of mutual bank conversion, approved in writing by the director,
with the secretary of state.
(b) The effective date of the mutual bank conversion is the date and
time that the approved articles of mutual bank conversion are filed with
the secretary of state, unless a later effective date is specified in the
articles of mutual bank conversion.
(c) The converting credit union shall record a copy of the articles of
mutual bank conversion with the county recorder of the county where
the principal office of the mutual bank is located.

Legislative History

As added by P.L.62-1999, SEC.2.