Indiana § 28-6.1-15-6 Approval or disapproval of resolutions of conversion by department

Indiana Statutes

§ 28-6.1-15-6 — Approval or disapproval of resolutions of conversion by department

Indiana § 28-6.1-15-6

Art. 6.1SAVINGS BANKS

Ch. 15Conversion of a Savings Bank to a Bank or Trust

This text of Indiana § 28-6.1-15-6 (Approval or disapproval of resolutions of conversion by department) 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 § 28-6.1-15-6 (2026).

Text

(a)The department shall approve or disapprove the resolution of conversion after first making examinations or investigations the department considers necessary to determine if the proposed conversion is fair and in the best interests of the depositors of the savings bank.

(b)IC 28-1-2-23 and IC 28-11-5 do not apply to a determination under subsection (a).

(c)If the department approves the resolution of conversion, the approval shall be evidenced in the manner prescribed in IC 28-12-5. The approval shall be indicated on the resolution.

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(a) The department shall approve or
disapprove the resolution of conversion after first making examinations
or investigations the department considers necessary to determine if the
proposed conversion is fair and in the best interests of the depositors
of the savings bank.
(b) IC 28-1-2-23 and IC 28-11-5 do not apply to a determination
under subsection (a).
(c) If the department approves the resolution of conversion, the
approval shall be evidenced in the manner prescribed in IC 28-12-5.
The approval shall be indicated on the resolution.