Sec. 2. A savings bank may dissolve itself under this chapter if the board of the savings bank determines it is in the best interest of the depositors and other creditors of the savings bank to dissolve the savings bank.
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