Indiana § 28-6.1-19-6 Judicial approval

Indiana Statutes

§ 28-6.1-19-6 — Judicial approval

Indiana § 28-6.1-19-6

Art. 6.1SAVINGS BANKS

Ch. 19Disposition of Substantially All the Assets of a Savings

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Bluebook

Ind. Code § 28-6.1-19-6 (2026).

Text

(a)If the department approves the disposition under section 5 of this chapter, the two (2) copies of the resolution returned to the savings bank shall be submitted to the circuit court with jurisdiction in the county in which the savings bank is located.

(b)If, upon good cause shown by affidavit, the court is satisfied that the terms of the disposition are fair and in the best interests of the depositors and other creditors of the savings bank, the court shall:

(1)approve the disposition upon the terms and conditions set forth in the resolution; and

(2)indicate the approval on both copies of the resolution submitted to the court.

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(a) If the department approves the disposition
under section 5 of this chapter, the two (2) copies of the resolution
returned to the savings bank shall be submitted to the circuit court with
jurisdiction in the county in which the savings bank is located.
(b) If, upon good cause shown by affidavit, the court is satisfied that
the terms of the disposition are fair and in the best interests of the
depositors and other creditors of the savings bank, the court shall:
(1) approve the disposition upon the terms and conditions set
forth in the resolution; and
(2) indicate the approval on both copies of the resolution
submitted to the court.