Indiana § 28-7-1-33.1 Merger of credit unions; surviving credit union organized under federal
or other state law; department approval not required

Indiana Statutes

§ 28-7-1-33.1 — Merger of credit unions; surviving credit union organized under federal or other state law; department approval not required

Indiana § 28-7-1-33.1

Art. 7SPECIALIZED FINANCIAL INSTITUTIONS

Ch. 1Credit Unions

This text of Indiana § 28-7-1-33.1 (Merger of credit unions; surviving credit union organized under federal or other state law; department approval not required) 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 § 28-7-1-33.1 (2026).

Text

1. The approval of the department of the merger of two (2) or more credit unions is not required under this chapter if the credit union surviving the merger is an institution organized or reorganized under the laws of the United States or a state (as defined in IC 28-2-17-19) other than Indiana. However, the surviving credit union shall:

(1)notify the department of the merger;

(2)provide satisfactory evidence to the department of compliance with the requirements of IC 28-1-22 relating to foreign corporations, if applicable; and

(3)provide satisfactory evidence to the department of compliance with the requirements of section 34 of this chapter relating to credit unions organized in other states, if applicable.

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1. The approval of the department of the
merger of two (2) or more credit unions is not required under this
chapter if the credit union surviving the merger is an institution
organized or reorganized under the laws of the United States or a state
(as defined in IC 28-2-17-19) other than Indiana. However, the
surviving credit union shall:
(1) notify the department of the merger;
(2) provide satisfactory evidence to the department of compliance
with the requirements of IC 28-1-22 relating to foreign
corporations, if applicable; and
(3) provide satisfactory evidence to the department of compliance
with the requirements of section 34 of this chapter relating to
credit unions organized in other states, if applicable.