Sec. 6. After the conversion of a federal savings association into a state chartered savings association under section 4 of this chapter, the organization of the savings association shall be completed in the manner provided by IC 28-12, except that bylaws for the savings association:
(1) may be adopted by the members of the federal association when the members adopt the resolution authorizing the conversion; and
(2) may become effective upon the issuance of the certificate of incorporation under section 4(g) of this chapter.
As added by P.L.193-1997, SEC.2. Amended by P.L.29-2022, SEC.21.
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