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Chapter 1. Definitions
28-6.2-1-1. Application of Chapter - Sec. 1. The definitions set forth in this chapter apply...
28-6.2-1-2. "Acquiree Savings Bank" Defined - Sec. 2. "Acquiree savings bank" means any savings bank other...
28-6.2-1-3. "Acting in Concert" Defined - Sec. 3. (a) "Acting in concert" means: (1) knowing participation...
28-6.2-1-4. "Affiliate" Defined - Sec. 4. "Affiliate" means a person that, directly or indirectly,...
28-6.2-1-5. "Associate" Defined - Sec. 5. "Associate", when indicating a relationship between persons, means:...
28-6.2-1-6. "Company" Defined - Sec. 6. (a) "Company" means: (1) any corporation, partnership, business...
28-6.2-1-7. "Control" Defined - Sec. 7. (a) "Control" of a savings bank means: (1)...
28-6.2-1-8. "Default" Defined - Sec. 8. As used in this chapter, "default" means any...
28-6.2-1-9. "Director" Defined - Sec. 9. As used in this chapter, "director" refers to...
28-6.2-1-10. "Fdic" Defined - Sec. 10. As used in this chapter, "FDIC" refers to...
28-6.2-1-10.1. "Federal Mutual Holding Company" Defined - Sec. 10.1. "Federal mutual holding company" means a mutual savings...
28-6.2-1-11. "Member" Defined - Sec. 11. As used in this chapter, "member" means any...
28-6.2-1-12. "Mutual Holding Company" - Sec. 12. As used in this chapter, "mutual holding company"...
28-6.2-1-13. "Mutual Savings Bank" Defined - Sec. 13. "Mutual savings bank" means a financial institution: (1)...
28-6.2-1-14. "Parent" Defined - Sec. 14. "Parent", when describing the relationship between two (2)...
28-6.2-1-15. "Person" Defined - Sec. 15. "Person" means an individual or company. As added...
28-6.2-1-16. "Reorganization Plan" Defined - Sec. 16. "Reorganization plan" means a plan to reorganize into...
28-6.2-1-17. "Reorganizing Savings Bank" Defined - Sec. 17. "Reorganizing savings bank" means a mutual savings bank...
28-6.2-1-18. "Resulting Savings Bank" Defined - Sec. 18. "Resulting savings bank" means a stock savings bank...
28-6.2-1-19. "Savings Association" Defined - Sec. 19. (a) As used in this chapter, "savings association"...
28-6.2-1-20. "Stock" Defined - Sec. 20. (a) "Stock" means the units into which the...
28-6.2-1-21. "Stock Benefit Plan" Defined - Sec. 21. "Stock benefit plan" means any defined benefit plan...
28-6.2-1-22. "Stock Issuance Plan" Defined - Sec. 22. "Stock issuance plan" means a plan submitted under...
28-6.2-1-23. "Stock Savings Bank" Defined - Sec. 23. "Stock savings bank" has the meaning set forth...
28-6.2-1-24. "Subsidiary" Defined - Sec. 24. "Subsidiary" means a company controlled either directly or...
28-6.2-1-25. "Voting Parties" Defined - Sec. 25. As used in this chapter, "voting parties" means...
Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company
28-6.2-2-1. Procedures for Reorganization - Sec. 1. A mutual savings bank may, upon application to...
28-6.2-2-1.5. Reorganization as Federal Mutual Holding Company; Approval of Department and Primary Federal Regulator; Required Transactions - Sec. 1.5. (a) As used in this section, "primary federal...
28-6.2-2-2. Prerequisites to Reorganization - Sec. 2. Before reorganizing into a mutual holding company, a...
28-6.2-2-2.5. Voting Rights of Voting Parties - Sec. 2.5. The voting parties of a reorganizing mutual savings...
28-6.2-2-3. Approval or Disapproval of Reorganization Plan; Conditional Approval - Sec. 3. (a) Upon receipt of an application for a...
28-6.2-2-4. Grounds for Disapproving Reorganization Plan Application - Sec. 4. The department may disapprove an application for a...
28-6.2-2-5. Requirements for Approval of Reorganization Plan Application - Sec. 5. (a) The department may not approve an application...
28-6.2-2-6. Articles of Reorganization; Filing - Sec. 6. After a mutual holding company reorganization plan is...
28-6.2-2-7. Membership Rights - Sec. 7. A mutual holding company that acquires a stock...
28-6.2-2-8. Reorganization Plan Requirements - Sec. 8. Each reorganization plan must: (1) contain a description...
28-6.2-2-9. Transfer of Assets, Rights, Obligations, and Liabilities - Sec. 9. All assets, rights, obligations, and liabilities of a...
28-6.2-2-10. Identical Deposit Accounts - Sec. 10. Each person who holds a deposit account in...
28-6.2-2-11. Amendment or Termination of Reorganization Plan - Sec. 11. A reorganization plan adopted by the boards of...
Chapter 3. Issuance of Stock
28-6.2-3-1. Written Approval Before Issuance; Criteria for Approval - Sec. 1. (a) A savings bank subsidiary of a mutual...
28-6.2-3-2. Proposed Price of Stock - Sec. 2. Each application for approval of a proposed stock...
28-6.2-3-3. Representations Regarding Price of Stock - Sec. 3. No representations may be made in any manner...
28-6.2-3-4. Stock Issuance Plan Requirements - Sec. 4. A stock issuance plan must do the following:...
28-6.2-3-5. Purchase of Stock Through Loaned Funds - Sec. 5. A savings bank shall not offer or sell...
28-6.2-3-6. Amendment or Termination of Stock Issuance Plan - Sec. 6. If proposed as part of a reorganization plan,...
28-6.2-3-7. Noncompleted Stock Issuance Plan; Termination; Extensions - Sec. 7. A stock issuance plan will be terminated if...
28-6.2-3-8. Stock Issuance Plan; Discretionary Provisions - Sec. 8. A stock issuance plan may provide the following:...
Chapter 4. Articles of Reorganization
28-6.2-4-1. Required Form and Elements - Sec. 1. (a) The articles of reorganization of a mutual...
28-6.2-4-2. Filing - Sec. 2. The articles of reorganization of a mutual holding...
28-6.2-4-3. Required Provisions - Sec. 3. The articles of reorganization of a mutual holding...
28-6.2-4-4. Effective Date - Sec. 4. The effective date of the articles of reorganization...
Chapter 5. Powers of a Mutual Holding Company
28-6.2-5-1. Investment and Acquisition Powers; Other Powers - Sec. 1. A mutual holding company may do the following:...
28-6.2-5-2. Pledging Stock - Sec. 2. (a) A mutual holding company, to collateralize an...
28-6.2-5-3. Pledging Stock; Notification; Certification of Transfer of Proceeds - Sec. 3. Within ten (10) days after any pledge of...
28-6.2-5-4. Notice of Nonpayment - Sec. 4. A mutual holding company that fails to make...
28-6.2-5-5. Repurchase of Stock; Written Approval - Sec. 5. A subsidiary savings bank of a mutual holding...
28-6.2-5-6. Acquisition of Additional Shares of Stock - Sec. 6. A mutual holding company may, at any time,...
28-6.2-5-7. Permissive Transfer of Stock, Assets, or Liabilities - Sec. 7. With the written approval of the department, a...
28-6.2-5-8. Waiver of Right to Receive Dividend; Authorization - Sec. 8. Unless authorized by the director, a mutual holding...
Chapter 6. Reporting and Regulation of Mutual Holding Companies
28-6.2-6-1. Annual Reports - Sec. 1. Each mutual holding company shall furnish, in the...
28-6.2-6-2. Examination of Mutual Holding Company; Examination Reports - Sec. 2. The department may examine any mutual holding company...
28-6.2-6-3. Applicability of Provisions of Ic 28-11 and Ic 28-13 - Sec. 3. The provisions of IC 28-11 and IC 28-13...
Chapter 7. Mutual Holding Company Conversion and Liquidation
28-6.2-7-1. Conversion to Stock Form - Sec. 1. A mutual holding company may convert from mutual...
28-6.2-7-2. Liquidation of Mutual Holding Company; Filing Federal Bankruptcy Court Petition - Sec. 2. (a) The department may file a petition with...
28-6.2-7-3. Applicability of Ic 28-11-3 - Sec. 3. IC 28-11-3 applies to a mutual holding company...
28-6.2-7-4. Solicitations of Proxies - Sec. 4. Solicitations of proxies by any person in connection...
28-6.2-7-5. Use of Proxies - Sec. 5. Whenever a mutual savings bank or mutual holding...
28-6.2-7-6. Plan of Conversion - Sec. 6. A mutual holding company organized under the laws...
28-6.2-7-7. Adoption of Rules to Implement Chapter - Sec. 7. The department may adopt rules under IC 4-22-2...