Sec. 16. (a) To effect the charter conversion, the converting savings association must file with the secretary of state articles of charter conversion showing the approval of the director of the department.
(b) The converting savings association shall record copies of the articles of charter conversion with the county recorder of the county where the principal office of the stock savings association is located.
(c) The articles of charter conversion constitute articles of incorporation and must set forth the elements required in IC 28-12-2-1.
As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.59.
Structure Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions
28-1-21.4-1. "Mutual Savings Association"
28-1-21.4-2. "Charter Conversion"
28-1-21.4-3. "Conversion Plan"
28-1-21.4-4. "Effective Time of the Charter Conversion"
28-1-21.4-5.1. "Primary Federal Regulator"
28-1-21.4-6. "Stock Savings Association"
28-1-21.4-8. Power of Mutual Savings Associations to Convert Charter
28-1-21.4-9. Duty of Department to Prescribe Procedures
28-1-21.4-11. Approval or Disapproval by Department
28-1-21.4-12. Conditions for Approval
28-1-21.4-13. Powers and Duties at Effective Time of Conversion
28-1-21.4-14. Transitional Period