Indiana Statutes
§ 28-6.2-2-7 — Membership rights
Indiana § 28-6.2-2-7
JurisdictionIndiana
Art. 6.2MUTUAL SAVINGS BANK HOLDING
Ch. 2Reorganizing as a Mutual Savings Bank Holding
This text of Indiana § 28-6.2-2-7 (Membership rights) 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 § 28-6.2-2-7 (2026).
Text
A mutual holding company that acquires a
stock savings bank other than a resulting savings bank or an acquiree
savings bank shall not confer any membership rights upon the
depositors or borrowers of that savings bank, unless the savings bank
is merged into a mutual savings bank from which the mutual holding
company draws members, in which case the depositors of the stock
savings bank shall receive the same membership rights as other
depositors of the savings bank into which the stock savings bank is
merged.
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Legislative History
As added by P.L.122-1994, SEC.101.
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 escrowsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 28-6.2-2-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-6.2-2-7.