Indiana Statutes
§ 28-6.1-15-12 — Conformation to limitations
(a)Subject to subsection (b), a bank or
trust company formed under this chapter shall, within three (3) years
from its date of conversion, conform to the limitations prescribed by IC 28-1-13.
(b)The department may extend the time for the new bank or trust
company to conform to the limitations prescribed by IC 28-1-13 if the
interest of the depositors will be protected and served by an extension.
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Legislative History
As added by P.L.42-1993, SEC.72.
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