Sec. 12. In order to effect the charter conversion, the converting out-of-state financial institution shall file articles of charter conversion, bearing the approval of the director of the department, with the secretary of state. The converting out-of-state financial institution shall also file copies of the articles of charter conversion with the county recorder of the county where the principal office of the commercial bank is located.
As added by P.L.1-2006, SEC.490.
Structure Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions
Chapter 31. Conversion of an Out-of-State Financial Institution Charter Into a Commercial Bank
28-1-31-1. "Charter Conversion"
28-1-31-4. "Effective Time of the Charter Conversion"
28-1-31-5. "Out-of-State Financial Institution"
28-1-31-6. Financial Institution May Effect Charter Conversion
28-1-31-7. Procedures for Charter Conversion
28-1-31-8. Approval of Plan of Charter Conversion
28-1-31-9. Resulting Commercial Bank; Rights, Privileges, and Duties
28-1-31-10. Resulting Commercial Bank May Wind Up Activities and Retain Assets
28-1-31-11. Retention of Branches
28-1-31-12. Filing Articles of Charter Conversion
28-1-31-13. Resulting Commercial Bank Subject to Statutes and Rules