Sec. 15. (a) To effect the charter conversion, the converting savings bank must file with the secretary of state articles of charter conversion showing the approval of the director of the department.
(b) The converting savings bank shall record copies of the articles of charter conversion with the county recorder of the county where the principal office of the stock savings bank 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.42-1993, SEC.44. Amended by P.L.262-1995, SEC.48.
Structure Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions
Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank
28-1-21.9-1. Charter Conversion
28-1-21.9-3. Effective Time of the Charter Conversion
28-1-21.9-5.1. Primary Federal Regulator
28-1-21.9-6. Stock Savings Bank
28-1-21.9-8. Conversion to Stock Savings Banks
28-1-21.9-9. Conversion Procedures
28-1-21.9-11. Conditions for Approval of Conversion Plans
28-1-21.9-12. Rights and Obligations of Converted Stock Savings Banks
28-1-21.9-13. Transitional Period
28-1-21.9-14. Retention of Branches
28-1-21.9-15. Articles of Charter Conversion