Indiana § 28-6.2-7-5 Use of proxies

Indiana Statutes

§ 28-6.2-7-5 — Use of proxies

Indiana § 28-6.2-7-5

Art. 6.2MUTUAL SAVINGS BANK HOLDING

Ch. 7Mutual Holding Company Conversion and Liquidation

This text of Indiana § 28-6.2-7-5 (Use of proxies) 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 § 28-6.2-7-5 (2026).

Text

Whenever a mutual savings bank or mutual holding company is required by this chapter to obtain membership approval for a transaction, the savings bank or mutual holding company may use any existing proxy conferring general authority to vote on any and all matters at any meeting of members if the member granting the proxy:

(1)has been furnished a proxy statement regarding the proposed transaction; and

(2)does not revoke the proxy before the vote at the meeting at which the transaction will be considered.

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Whenever a mutual savings bank or mutual
holding company is required by this chapter to obtain membership
approval for a transaction, the savings bank or mutual holding company
may use any existing proxy conferring general authority to vote on any
and all matters at any meeting of members if the member granting the
proxy:
(1) has been furnished a proxy statement regarding the proposed
transaction; and
(2) does not revoke the proxy before the vote at the meeting at
which the transaction will be considered.