Indiana Statutes
§ 28-1-33-10 — Department approval
Indiana·Art. 1 DEPARTMENT OF FINANCIAL INSTITUTIONS·Ch. 33 Charter Conversion of a Mutual Savings Bank Into a
(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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Legislative History
As added by P.L.1-2006, SEC.492.
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