28-1-3.1-18. Articles of Dissolution; Duties of Secretary of State
Sec. 18. Upon presentation of the articles of dissolution as provided in section 17 of this chapter, the secretary of state shall: (1) endorse his approval upon each of the triplicate copies of the articles if he finds that they conform to law; (2) when all fees have been paid as required by law: (A) […]
28-1-3.1-19. Articles of Dissolution; Filing With County Recorder
Sec. 19. The department shall file for record with the county recorder of the county where the principal office of the financial institution is located one (1) of the triplicate copies of the articles of dissolution bearing the endorsement of the approval of the secretary of state as provided in section 18 of this chapter. […]
28-1-3.1-20. Dissolution and Cessation of Existence
Sec. 20. Upon the issuance of the certificate of dissolution and the recording of the articles of dissolution, as provided in section 19 of this chapter, the financial institution shall be dissolved and its existence shall cease. As added by P.L.141-1984, SEC.2.
28-1-3.1-21. Troubled or Insolvent Financial Institutions; Federal Supervisory Agencies; Department’s Authority to Approve Transactions
Sec. 21. Whenever a federal supervisory agency is bidding, consolidating, merging, selling, or otherwise resolving or disposing of a troubled, an insolvent, or an imminently insolvent financial institution, the director of the department may approve any transaction, including the purchase of assets, the assumption of liabilities, a merger, or the formation of a new financial […]
28-1-3.1-8. Claims; Presentation; Notice; Rejection
Sec. 8. (a) All parties having claims against the closed financial institution shall present their claims supported by proof to the receiver within one hundred eighty (180) days after the department has taken possession. (b) The receiver shall cause notice of the claims procedure prescribed by this section to be: (1) published once a week […]
28-1-3.1-9. Late Claims
Sec. 9. Any claims filed after the one hundred eighty (180) day claim period prescribed by section 8 of this chapter and subsequently accepted by the receiver or allowed by the receivership court shall be entitled to share in the distribution of assets only to the extent of the undistributed assets in the hands of […]
28-1-3.1-10. Repealed
As added by P.L.141-1984, SEC.2. Repealed by P.L.42-1993, SEC.103.
28-1-3.1-10.1. Payment of Claims; Order
Sec. 10.1. (a) All claims against the financial institution that are proved to the satisfaction of the receiver or approved by the receivership court shall be paid in the following order: (1) Claims of persons referred to in IC 28-1-12-6 as having preference and priority. (2) Administration expenses of the liquidation, including the following: (A) […]
28-1-3.1-11. Rejection of Executory Contracts and Leases
Sec. 11. (a) Within one hundred eighty (180) days of the date that the department has taken possession, the receiver may, at his election, reject: (1) any executory contract to which the closed financial institution is a party without any further liability to the closed financial institution or the receiver; or (2) any obligation of […]
28-1-3.1-12. Federal Deposit Insurance; Payments of Deposit Liabilities; Subrogation
Sec. 12. Whenever a federal deposit insurance agency pays or makes available for payment the insured deposit liabilities of a closed financial institution, the federal deposit insurance agency, whether or not it acts as receiver, shall be subrogated by operation of law to all rights against the closed financial institutions of each owner of a […]