Sec. 8. (a) If the conversion is approved under section 7 of this chapter and if the capital stock of the bank or trust company has been fully subscribed, the trustees of the savings bank shall submit three (3) copies of the articles of incorporation of the bank or trust company with the department's approval indicated on the articles to the secretary of state.
(b) If the secretary of state finds that the articles of incorporation conform to law, the secretary of state shall, after all fees have been paid as required by law:
(1) indicate approval on the articles;
(2) keep one (1) copy of the articles for filing; and
(3) send the trustees a certificate of incorporation and two (2) copies of the articles of incorporation bearing the indicated approval of the secretary of state.
As added by P.L.42-1993, SEC.72.
Structure Indiana Code
Title 28. Financial Institutions
Chapter 15. Conversion of a Savings Bank to a Bank or Trust
28-6.1-15-1. Application of Chapter
28-6.1-15-2. Effective Date of Conversion
28-6.1-15-3. Conversion Permitted
28-6.1-15-4. Resolutions of Conversion
28-6.1-15-5. Terms and Conditions of Conversions; Rights of Depositors
28-6.1-15-6. Approval or Disapproval of Resolutions of Conversion by Department
28-6.1-15-7. Notice to Depositors; Objections; Judicial Review
28-6.1-15-8. Approval of Articles of Incorporation by Secretary of State
28-6.1-15-9. Prerequisites to Doing Business
28-6.1-15-10. Effect of Conversions
28-6.1-15-11. Continued Service of Boards