§ 28-6.2-2-11 — Amendment or termination of reorganization plan

Indiana § 28-6.2-2-11

• Jurisdiction: Indiana
• Art. 6.2: MUTUAL SAVINGS BANK HOLDING
• Ch. 2: Reorganizing as a Mutual Savings Bank Holding

Text

A reorganization plan adopted by the boards
of directors of the reorganizing savings bank and any acquiree savings
bank may be:
(1) amended by those boards as a result of any regulator's
comments:
(A) before any solicitation of proxies from the members to vote
on the reorganization plan; and
(B) at any later time with the consent of the director; or
(2) terminated by either board:
(A) at any time before the meeting at which the members vote
on the reorganization plan; or
(B) at any later time;
with the consent of the department.

Legislative History

As added by P.L.122-1994, SEC.101.