Indiana § 28-1-7.1-7 Depositors; no right to participate in or approve conversion; no
ownership interests in converted institution; liquidation account

Indiana Statutes

§ 28-1-7.1-7 — Depositors; no right to participate in or approve conversion; no ownership interests in converted institution; liquidation account

Indiana § 28-1-7.1-7

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 7.1Voluntary Supervisory Conversion

This text of Indiana § 28-1-7.1-7 (Depositors; no right to participate in or approve conversion; no ownership interests in converted institution; liquidation account) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-1-7.1-7 (2026).

Text

Depositors of a depository financial institution
with mutual ownership do not have the right to approve or participate
in a voluntary supervisory conversion, and will not have any legal or
beneficial ownership interests in the converted depository financial
institution, unless the department allows otherwise. Depositors may
have interests in a liquidation account, if one is established.

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