Indiana Statutes
§ 28-6.1-18-13 — Completion of liquidation
(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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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