Sec. 15. (a) To effect the stock savings bank conversion, the converting savings association must file with the secretary of state articles of conversion showing the approval of the director of the department.
(b) The converting savings association shall record copies of the articles of conversion with the county recorder of the county where the principal office of the stock savings bank is located.
(c) The articles of conversion constitute articles of incorporation and must set forth the elements required in IC 28-12-2-1.
As added by P.L.42-1993, SEC.43.
Structure Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions
Chapter 21.8. Charter Conversion of a Mutual or Stock Savings Association to a Stock Savings Bank
28-1-21.8-2. Effective Time of the Charter Conversion
28-1-21.8-3.1. Primary Federal Regulator
28-1-21.8-4. Savings Association
28-1-21.8-5. Stock Savings Bank
28-1-21.8-6. Stock Savings Bank Conversion
28-1-21.8-8. Conversion to Stock Savings Banks
28-1-21.8-9. Conversion Procedures
28-1-21.8-11. Conditions for Approval of Conversion Plans
28-1-21.8-12. Rights and Obligations of Converted Stock Savings Banks
28-1-21.8-13. Transitional Period
28-1-21.8-14. Retention of Branches
28-1-21.8-15. Articles of Conversion