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149 chapters · 1,498 sections in this title.
Ind. Code § 28-1-21.7-1 "Department"
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Sec. 1. As used in this chapter, "department" means the department of financial institutions and, if applicable, the department's authorized delegate. As added by P.L.147-1990, SEC.3.
Ind. Code § 28-1-21.7-10 Approval or disapproval of conversion plan; requirements
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Sec. 10. (a) The department may approve or disapprove the plan of mutual bank conversion filed under section 9 of this chapter. (b) Solicitation of the votes of voting parties may occur prior to receipt of the approval of the department. (c) The department may not approve the pla…
Ind. Code § 28-1-21.7-11 Powers and duties of resulting mutual bank
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Sec. 11. Upon conversion of a savings association, the resulting mutual bank: (1) possesses all of the rights, privileges, immunities, and powers of a mutual bank; (2) unless otherwise provided in this chapter, is subject to all of the duties, restrictions, obligations, and liabi…
Ind. Code § 28-1-21.7-12 Transitional powers
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Sec. 12. The department may authorize the resulting mutual bank to do the following: (1) Wind up any activities legally engaged in by the savings association at the time of mutual bank conversion not permitted to mutual banks. (2) Retain any assets legally held by the savings ass…