Indiana Statutes
§ 28-1-32-9 — Department approval of conversion
Indiana·Art. 1 DEPARTMENT OF FINANCIAL INSTITUTIONS·Ch. 32 Conversion of a Mutual Savings Association Into a
(a)The department may approve or disapprove
a conversion plan filed under section 8 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 the department's approval of the
conversion plan.
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Legislative History
As added by P.L.1-2006, SEC.491.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows