Indiana § 28-6.2-2-3 Approval or disapproval of reorganization plan; conditional approval

Indiana Statutes

§ 28-6.2-2-3 — Approval or disapproval of reorganization plan; conditional approval

Indiana § 28-6.2-2-3

Art. 6.2MUTUAL SAVINGS BANK HOLDING

Ch. 2Reorganizing as a Mutual Savings Bank Holding

This text of Indiana § 28-6.2-2-3 (Approval or disapproval of reorganization plan; conditional approval) 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 § 28-6.2-2-3 (2026).

Text

(a)Upon receipt of an application for a mutual holding company reorganization under this article, the department may:

(1)accept the application for processing;

(2)request additional information to complete the application; or

(3)return the application if it is substantially incomplete.

(b)A proposed reorganization plan must be approved or disapproved by the department within ninety (90) days of its acceptance by the department and, if approved, may be subject to any conditions the department determines necessary.

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(a) Upon receipt of an application for a mutual
holding company reorganization under this article, the department may:
(1) accept the application for processing;
(2) request additional information to complete the application; or
(3) return the application if it is substantially incomplete.
(b) A proposed reorganization plan must be approved or
disapproved by the department within ninety (90) days of its
acceptance by the department and, if approved, may be subject to any
conditions the department determines necessary.