Sec. 7. A mutual holding company that acquires a stock savings bank other than a resulting savings bank or an acquiree savings bank shall not confer any membership rights upon the depositors or borrowers of that savings bank, unless the savings bank is merged into a mutual savings bank from which the mutual holding company draws members, in which case the depositors of the stock savings bank shall receive the same membership rights as other depositors of the savings bank into which the stock savings bank is merged.
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