Sec. 10. Each person who holds a deposit account in a reorganizing savings bank or any acquiree savings bank immediately before the reorganization shall receive, upon consummation of the reorganization, without payment, an identical deposit account in the resulting savings bank or the acquiree savings bank.
As added by P.L.122-1994, SEC.101.
Structure Indiana Code
Title 28. Financial Institutions
Article 6.2. Mutual Savings Bank Holding Companies
Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company
28-6.2-2-1. Procedures for Reorganization
28-6.2-2-2. Prerequisites to Reorganization
28-6.2-2-2.5. Voting Rights of Voting Parties
28-6.2-2-3. Approval or Disapproval of Reorganization Plan; Conditional Approval
28-6.2-2-4. Grounds for Disapproving Reorganization Plan Application
28-6.2-2-5. Requirements for Approval of Reorganization Plan Application
28-6.2-2-6. Articles of Reorganization; Filing
28-6.2-2-8. Reorganization Plan Requirements
28-6.2-2-9. Transfer of Assets, Rights, Obligations, and Liabilities
28-6.2-2-10. Identical Deposit Accounts
28-6.2-2-11. Amendment or Termination of Reorganization Plan