Sec. 9. (a) The department may approve or disapprove a conversion plan filed under section 8 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.
As added by P.L.1-2006, SEC.491.
Structure Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions
Chapter 32. Conversion of a Mutual Savings Association Into a Credit Union
28-1-32-3. "Effective Time of the Conversion"
28-1-32-4. "Mutual Savings Association"
28-1-32-6. Voting Party Rights
28-1-32-7. Authorization to Convert Into Credit Union
28-1-32-8. Conversion Procedures
28-1-32-9. Department Approval of Conversion
28-1-32-10. Requirements for Approval
28-1-32-11. Rights, Privileges, Authorizations, and Obligations
28-1-32-12. Winding Up Activities
28-1-32-14. Filing Articles of Conversion