28-15-13-1. References to Shareholders and Shareholders’ Meetings
Sec. 1. A reference in IC 28-13-5, IC 28-13-6, IC 28-1-7, IC 28-1-7.1, IC 28-1-8, or IC 28-1-9 to shareholders and shareholders’ meetings means, as to a mutual savings association, members and members’ meetings. As added by P.L.193-1997, SEC.2. Amended by P.L.27-2012, SEC.117.
28-15-14-1. Merger, Consolidation, or Conversion; Vote of Shareholders and Members Required; Compliance With Federal Law
Sec. 1. (a) A savings association may be: (1) merged or consolidated with; or (2) converted into; a federal savings association, under the charter of the federal savings association or under a new charter issued to the converted association or the merged or consolidated association, upon a vote of fifty-one percent (51%) or more of […]
28-15-14-2. Filing Requirements
Sec. 2. (a) If a savings association: (1) merges with; (2) consolidates with; or (3) is converted into; a federal savings association, the savings association shall file with the secretary of state three (3) copies of a certificate executed by a duly constituted federal authority showing the merger, consolidation, or conversion. (b) Upon the payment […]
28-15-14-3. Effect of Merger, Consolidation, or Conversion on Federal Savings Association
Sec. 3. (a) Upon the effective date of a merger, consolidation, or conversion under sections 1 and 2 of this chapter, all of the assets and property of the state chartered savings association of every kind and character, including: (1) real, personal, and mixed property; (2) tangible and intangible property; and (3) choses in action, […]
28-15-14-4. Conversion of Federal Savings Association to State Chartered Savings Association; Resolution; Articles of Incorporation; Findings Required for Approval by Department; Certificate of Incorporation
Sec. 4. (a) Subject to regulations prescribed by the Office of the Comptroller of the Currency or its successor, a federal savings association located in Indiana or in any other state, by resolution approved by its board of directors and adopted by a vote of fifty-one percent (51%) or more of the votes cast at […]
28-15-14-5. Conversion of Federal Savings Association; Effect on State Chartered Savings Association
Sec. 5. (a) Upon the effective date of the conversion of a federal savings association into a state chartered savings association under section 4 of this chapter, all of the assets and property of the federal savings association of every kind and character, including: (1) real, personal, and mixed property; (2) tangible and intangible property; […]
28-15-14-6. Organization of New Savings Association; Bylaws
Sec. 6. After the conversion of a federal savings association into a state chartered savings association under section 4 of this chapter, the organization of the savings association shall be completed in the manner provided by IC 28-12, except that bylaws for the savings association: (1) may be adopted by the members of the federal […]
28-15-11-11. “Standard Mortgage Loan”
Sec. 11. As used in this chapter, “standard mortgage loan” means a loan under which the principal and interest are paid in equal monthly installments for a period of not more than forty (40) years. As added by P.L.193-1997, SEC.2.
28-15-15-1. Extensions of Credit to Officers, Directors, and Shareholders
Sec. 1. A savings association may extend credit to officers, directors, and principal shareholders of the savings association in compliance with 12 CFR 215. As added by P.L.193-1997, SEC.2.
28-15-11-12. Regulation of Graduated Payment Mortgage Loans
Sec. 12. (a) Graduated payment mortgage (GPM) loans are subject to the following: (1) Interest only may be paid for five (5) years, or increases in mortgage payments may be made for periods of not more than ten (10) years within the following maximum rates of increase: (A) Seven and one-half percent (7.5%) annually for […]