§ 28-1-32-9 — Department approval of conversion

Indiana § 28-1-32-9

• Jurisdiction: Indiana
• Art. 1: DEPARTMENT OF FINANCIAL INSTITUTIONS
• Ch. 32: Conversion of a Mutual Savings Association Into a

Text

(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.

Legislative History

As added by P.L.1-2006, SEC.491.