Indiana § 28-15-14-1 Merger, consolidation, or conversion; vote of shareholders and
members required; compliance with federal law

Indiana Statutes

§ 28-15-14-1 — Merger, consolidation, or conversion; vote of shareholders and members required; compliance with federal law

Indiana § 28-15-14-1

Art. 15SAVINGS ASSOCIATIONS

Ch. 14Merger or Consolidation With Federal Savings

This text of Indiana § 28-15-14-1 (Merger, consolidation, or conversion; vote of shareholders and members required; compliance with federal law) 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 § 28-15-14-1 (2026).

Text

(a)A savings association may be:

(1)merged or consolidated with; or

(2)converted into; a federal savings association, under the charter of the federal savings association or under a new charter issued to the converted association or the merged or consolidated association, upon a vote of fifty-one percent (51%) or more of the votes cast at a legal meeting of the shareholders and members of the state chartered savings association called to consider the proposed merger, consolidation, or conversion.

(b)A merger, consolidation, or conversion under this section must be accomplished:

(1)in compliance with the laws of the United States relating to the merger, consolidation, or conversion; and

(2)upon terms and conditions prescribed or approved by the Office of the Comptroller of the Currenc

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(a) A savings association may be:
(1) merged or consolidated with; or
(2) converted into;
a federal savings association, under the charter of the federal savings
association or under a new charter issued to the converted association
or the merged or consolidated association, upon a vote of fifty-one
percent (51%) or more of the votes cast at a legal meeting of the
shareholders and members of the state chartered savings association
called to consider the proposed merger, consolidation, or conversion.
(b) A merger, consolidation, or conversion under this section must
be accomplished:
(1) in compliance with the laws of the United States relating to
the merger, consolidation, or conversion; and
(2) upon terms and conditions prescribed or approved by the
Office of the Comptroller of the Currency or its successor.