Sec. 3. The department shall determine the capital stock requirements of a savings association organized or reorganized under this title after giving consideration to the following:
(1) In the case of a proposed new savings association, the potential deposit liability anticipated.
(2) In the case of a savings association to be reorganized, the existing deposit liability.
As added by P.L.42-1993, SEC.92. Amended by P.L.79-1998, SEC.88.
Structure Indiana Code
Title 28. Financial Institutions
Article 12. Formation of Banks, Trust Companies, and Building and Loan Associations
Chapter 11. Capital Requirements for Corporations
28-12-11-1. Requirements for Corporations Organized or Reorganized Under This Title
28-12-11-2. Requirements for Corporations Merged With Existing Corporations
28-12-11-3. Requirements for Savings Associations Organized or Recognized Under This Title