Indiana § 28-1-33-10 Department approval

Indiana Statutes

§ 28-1-33-10 — Department approval

Indiana § 28-1-33-10

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 33Charter Conversion of a Mutual Savings Bank Into a

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Bluebook

Ind. Code § 28-1-33-10 (2026).

Text

(a)The department may approve or disapprove the 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 mutual savings bank receives approval of the department if the director of the department has reviewed the proxy solicitation material and has notified the mutual 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 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
mutual savings bank receives approval of the department if the director
of the department has reviewed the proxy solicitation material and has
notified the mutual savings bank in writing that the department does
not object to use of the material.