Indiana Statutes
§ 28-12-11-3 — Requirements for savings associations organized or recognized under this title
The department shall determine the capital stock requirements of a savings association organized or reorganized under this title after giving consideration to the following:
(1)In the case of a proposed new savings association, the
potential deposit liability anticipated.
(2)In the case of a savings association to be reorganized, the
existing deposit liability.
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Indiana § 28-12-11-3 (Requirements for savings associations organized or recognized under this title) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.42-1993, SEC.92. Amended by P.L.79-1998,
SEC.88.
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