Indiana § 28-6.2-2-2 Prerequisites to reorganization

Indiana Statutes

§ 28-6.2-2-2 — Prerequisites to reorganization

Indiana § 28-6.2-2-2

Art. 6.2MUTUAL SAVINGS BANK HOLDING

Ch. 2Reorganizing as a Mutual Savings Bank Holding

This text of Indiana § 28-6.2-2-2 (Prerequisites to reorganization) 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 § 28-6.2-2-2 (2026).

Text

Before reorganizing into a mutual holding company, a reorganizing savings bank shall do the following:

(1)Obtain approval of a reorganization plan by a majority of the board of directors of the reorganizing savings bank.

(2)File the reorganization plan with the department.

(3)Obtain approval of a reorganization plan by an affirmative vote of a majority of the voting members of the reorganizing savings bank and any acquiree savings bank, at a regular or special meeting of the members.

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Before reorganizing into a mutual holding
company, a reorganizing savings bank shall do the following:
(1) Obtain approval of a reorganization plan by a majority of the
board of directors of the reorganizing savings bank.
(2) File the reorganization plan with the department.
(3) Obtain approval of a reorganization plan by an affirmative
vote of a majority of the voting members of the reorganizing
savings bank and any acquiree savings bank, at a regular or
special meeting of the members.