Sec. 2. (a) If a savings association:
(1) merges with;
(2) consolidates with; or
(3) is converted into;
a federal savings association, the savings association shall file with the secretary of state three (3) copies of a certificate executed by a duly constituted federal authority showing the merger, consolidation, or conversion.
(b) Upon the payment of the fees prescribed by law, the secretary of state shall:
(1) note the filing upon each of the copies;
(2) retain one (1) copy in the secretary's office; and
(3) return two (2) copies to the association.
(c) One (1) of the copies returned to a savings association under subsection (b) shall be filed by the savings association with the department and the other copy shall be filed with the recorder of the county in which the principal office of the savings association is located.
(d) Upon completion of the filings required by this section, the savings association ceases to be a corporation under Indiana law, except as provided in section 4 of this chapter.
As added by P.L.193-1997, SEC.2. Amended by P.L.29-2022, SEC.17.
Structure Indiana Code
Title 28. Financial Institutions
Article 15. Savings Associations
Chapter 14. Merger or Consolidation With Federal Savings and Loan Association
28-15-14-2. Filing Requirements
28-15-14-3. Effect of Merger, Consolidation, or Conversion on Federal Savings Association
28-15-14-5. Conversion of Federal Savings Association; Effect on State Chartered Savings Association