Indiana § 28-6.1-18-13 Completion of liquidation

Indiana Statutes

§ 28-6.1-18-13 — Completion of liquidation

Indiana § 28-6.1-18-13

Art. 6.1SAVINGS BANKS

Ch. 18Liquidation and Dissolution of a Savings Bank

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Bluebook

Ind. Code § 28-6.1-18-13 (2026).

Text

(a)When the costs and expenses of the liquidation have been fully paid and all the remaining debts and liabilities of the savings bank, including deposits and accrued interest or dividends, if any, have been paid in full, the remaining assets, if any, shall be paid to or distributed among the persons the court finds to be the owners of the assets.

(b)After the events described in subsection (a) have occurred, the liquidation is considered completed.

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(a) When the costs and expenses of the
liquidation have been fully paid and all the remaining debts and
liabilities of the savings bank, including deposits and accrued interest
or dividends, if any, have been paid in full, the remaining assets, if any,
shall be paid to or distributed among the persons the court finds to be
the owners of the assets.
(b) After the events described in subsection (a) have occurred, the
liquidation is considered completed.