Sec. 12. (a) During the ten (10) day period after the publication required by section 7 of this chapter, the department may make orders regarding the deposits of the savings bank that the department considers in the best interests of all the depositors and creditors of the savings bank.
(b) Except as provided in this chapter, the department, insofar as is applicable and practical, has the same powers and is subject to the same restrictions as if the savings bank were insolvent.
As added by P.L.42-1993, SEC.72.
Structure Indiana Code
Title 28. Financial Institutions
28-6.1-18-1. Application of Chapter
28-6.1-18-2. Dissolutions; Determinations of Boards
28-6.1-18-3. Resolutions of Dissolution
28-6.1-18-4. Liquidation Orders; Employment of Necessary Personnel
28-6.1-18-5. Civil Actions; Filing
28-6.1-18-6. Jurisdiction of Courts
28-6.1-18-7. Taking Charge of Business and Assets by Department; Notice of Departmental Actions
28-6.1-18-8. Petitions Opposing Liquidation and Dissolution
28-6.1-18-9. Dismissal of Liquidation and Dissolution Actions
28-6.1-18-10. Approval of Liquidation and Dissolution Proceedings
28-6.1-18-11. Finality of Judicial Decisions
28-6.1-18-12. Powers and Restrictions of Department
28-6.1-18-13. Completion of Liquidation