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149 chapters · 1,498 sections in this title.
Ind. Code § 28-1-32-1 "Conversion plan"
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Sec. 1. As used in this chapter, "conversion plan" refers to a plan for the conversion of a mutual savings association into a credit union that is prepared under this chapter. As added by P.L.1-2006, SEC.491.
Ind. Code § 28-1-32-10 Requirements for approval
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Sec. 10. The department may not approve a conversion plan unless the department finds, after appropriate investigation or examination, all of the following: (1) The resulting credit union will operate in a safe, sound, and prudent manner. (2) The proposed credit union conversion …
Ind. Code § 28-1-32-11 Rights, privileges, authorizations, and obligations
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Sec. 11. At the effective time of the conversion of a mutual savings association into a credit union under this chapter, the resulting credit union: (1) possesses all of the rights, privileges, immunities, and powers of a credit union; (2) unless otherwise provided in this chapte…
Ind. Code § 28-1-32-12 Winding up activities
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Sec. 12. The department may authorize the credit union resulting from a conversion under this chapter to do the following: (1) Wind up any activities that the savings association was legally engaged in at the effective time of the conversion but that otherwise are not permitted t…