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149 chapters · 1,498 sections in this title.
Ind. Code § 28-1-21.6-1 "Charter conversion"
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Sec. 1. As used in this chapter, "charter conversion" means the conversion of a savings association to a commercial bank. As added by P.L.147-1990, SEC.2.
Ind. Code § 28-1-21.6-10 Approval or disapproval of conversion plan; requirements
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Sec. 10. (a) The department may approve or disapprove the plan of charter conversion filed under section 9 of this chapter. (b) Solicitation of the votes of voting parties may occur before receipt of the approval of the department. (c) The department may not approve the plan of c…
Ind. Code § 28-1-21.6-11 Powers and duties of resulting commercial bank
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Sec. 11. Upon conversion of a savings association, the resulting commercial bank: (1) possesses all of the rights, privileges, immunities, and powers of a commercial bank; (2) unless otherwise provided in this chapter, is subject to all of the duties, restrictions, obligations, a…
Ind. Code § 28-1-21.6-12 Transitional powers
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Sec. 12. The department may authorize the resulting commercial bank to do the following: (1) Wind up any activities legally engaged in by the savings association at the time of charter conversion not permitted to commercial banks. (2) Retain any assets legally held by the savings…