Sec. 20. Any bank of discount and deposit, loan and trust and safe deposit company, or building and loan association organized under the provisions of any statute enacted prior to February 24, 1933, which is in voluntary liquidation on February 24, 1933, pursuant to any statute of this state may accept the provisions of this chapter and continue the liquidation of such corporation pursuant to the terms and provisions of this chapter.
Formerly: Acts 1933, c.40, s.161. As amended by P.L.263-1985, SEC.51.
Structure Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions
Chapter 9. Voluntary Dissolution of Banks, Trust Companies, and Building and Loan Associations
28-1-9-2. Authority to Liquidate and Dissolve; Resolution; Submission to Shareholders; Vote Required
28-1-9-3. Examinations; Departmental Approval of Liquidation
28-1-9-4. Restrictions on Dividends and Business Pending Payment of Debts and Liabilities
28-1-9-5. Liquidating Agent; Appointment; Powers
28-1-9-6. Liquidating Agent; Authority
28-1-9-7. Trust and Fiduciary Property; Disposition
28-1-9-11. Unclaimed Distributive Portions
28-1-9-12. Authority to Borrow
28-1-9-13. Articles of Dissolution; Execution and Filing; Contents
28-1-9-14. Articles of Dissolution; Presentation to Department and to Secretary of State
28-1-9-15. Articles of Dissolution; Approval by Department
28-1-9-17. Certificate of Incorporators or Articles of Dissolution; Recording
28-1-9-18. Termination of Corporate Existence; Existing Liabilities