Sec. 7. A stock issuance plan will be terminated if not completed within the time specified in the plan unless an extension is:
(1) requested in writing for good cause shown; and
(2) approved in writing by the department.
As added by P.L.122-1994, SEC.101.
Structure Indiana Code
Title 28. Financial Institutions
Article 6.2. Mutual Savings Bank Holding Companies
28-6.2-3-1. Written Approval Before Issuance; Criteria for Approval
28-6.2-3-2. Proposed Price of Stock
28-6.2-3-3. Representations Regarding Price of Stock
28-6.2-3-4. Stock Issuance Plan Requirements
28-6.2-3-5. Purchase of Stock Through Loaned Funds
28-6.2-3-6. Amendment or Termination of Stock Issuance Plan
28-6.2-3-7. Noncompleted Stock Issuance Plan; Termination; Extensions