Sec. 11. Within thirty (30) days after the plan of exchange becomes effective, the holding company shall redeem all shares of common stock of the holding company that were outstanding immediately before the effective time of the exchange. The holding company shall redeem the shares in the manner provided in the plan of exchange.
As added by P.L.238-1983, SEC.10.
Structure Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions
Chapter 7.5. Formation of Certain Bank Holding Companies
28-1-7.5-1. "Holding Company" Defined
28-1-7.5-4. Filing Plan of Exchange and Statement Disclosing Required Information With Department
28-1-7.5-5. Public Hearing; Requisites; Procedures
28-1-7.5-10. Plan of Exchange; Consummation by Operation of Law; Effect
28-1-7.5-11. Redemption by Holding Company of Its Outstanding Common Stock
28-1-7.5-12. Separate and Distinct Corporations; Effect Upon Liability
28-1-7.5-13. Exemption From Requirements of Ic 28-1-2-23
28-1-7.5-14. Acquisition Under Other Lawful Procedures Unaffected