Indiana Code
Chapter 21.8. Charter Conversion of a Mutual or Stock Savings Association to a Stock Savings Bank
28-1-21.8-10. Approval or Disapproval of Conversion Plans by Department; Hearings; Solicitation of Votes

Sec. 10. (a) The department may approve or disapprove the conversion plan filed under section 9 of this chapter.
(b) The department is not required to hold a hearing on the conversion plan.
(c) Solicitation of the votes of voting parties may occur before the savings association receives the department's approval of the conversion plan if the director of the department has reviewed the proxy solicitation material and has notified the savings association in writing that the department does not object to use of the material.
As added by P.L.42-1993, SEC.43.

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