Sec. 5. (a) Upon receiving a notice under section 4 of this chapter, the department shall conduct investigations it considers necessary.
(b) If the department is satisfied that the proposed disposition is fair and will be in the best interests of the depositors and other creditors of the savings bank, the department shall:
(1) indicate its approval on all copies of the resolution; and
(2) return two (2) of the copies to the savings bank.
As added by P.L.42-1993, SEC.72.
Structure Indiana Code
Title 28. Financial Institutions
28-6.1-19-1. Application of Chapter
28-6.1-19-3. Disposition of Property and Assets
28-6.1-19-4. Resolutions of Disposition
28-6.1-19-5. Departmental Approval
28-6.1-19-6. Judicial Approval
28-6.1-19-7. Copies of Dissolution Resolutions
28-6.1-19-8. Court Approval Prerequisite to Dissolution
28-6.1-19-9. Notice of Dispositions
28-6.1-19-10. Statements of Objections
28-6.1-19-11. Hearings on Objections
28-6.1-19-12. Orders Directing Dispositions