Sec. 6. (a) If the board fails to fill a vacancy under section 5 of this chapter for three (3) months after the vacancy is created, the court shall, subject to subsection (b), appoint an individual qualified under this chapter to fill the vacancy.
(b) The court shall fill the vacancy upon the written request of:
(1) any three (3) trustees; or
(2) at least two percent (2%) of the depositors in the savings bank.
As added by P.L.42-1993, SEC.72.
Structure Indiana Code
Title 28. Financial Institutions
28-6.1-3-1. Application of Chapter
28-6.1-3-3. Number of Trustees
28-6.1-3-4. Qualifications of Trustees
28-6.1-3-5. Vacancies; Elections; Qualifications of Successors
28-6.1-3-6. Vacancies; Judicial Appointments
28-6.1-3-7. Vacancies; Successors' Certificates of Qualification and Fitness
28-6.1-3-8. Presidents; Officers and Agents
28-6.1-3-9. Bylaws, Rules, and Regulations
28-6.1-3-11. Reducing Number of Trustees