28-1-21.9-5. Repealed
As added by P.L.42-1993, SEC.44. Repealed by P.L.27-2012, SEC.68.
28-1-21.9-5.1. Primary Federal Regulator
Sec. 5.1. As used in this chapter, “primary federal regulator” means the federal agency primarily responsible for the regulation of: (1) savings associations (as defined in IC 28-15-1-11); or (2) savings association holding companies; organized under the laws of any state or the United States. As added by P.L.27-2012, SEC.69.
28-1-21.9-5.5. Savings Bank
Sec. 5.5. As used in this chapter, “savings bank” has the meaning set forth in IC 28-6.1-2-6. As added by P.L.262-1995, SEC.38.
28-1-21.9-6. Stock Savings Bank
Sec. 6. As used in this chapter, “stock savings bank” means a savings bank that is: (1) owned by holders of capital stock; and (2) formed by conversion under this chapter. As added by P.L.42-1993, SEC.44. Amended by P.L.262-1995, SEC.39.
28-1-21.9-7. Voting Parties
Sec. 7. As used in this chapter, “voting parties” means the: (1) depositors; and (2) borrowers; of a savings bank. As added by P.L.42-1993, SEC.44. Amended by P.L.262-1995, SEC.40.
28-1-21.9-8. Conversion to Stock Savings Banks
Sec. 8. With the approval of the department, a savings bank may convert its charter under this chapter. As added by P.L.42-1993, SEC.44. Amended by P.L.262-1995, SEC.41.
28-1-21.9-9. Conversion Procedures
Sec. 9. (a) The department shall prescribe procedures for charter conversions under this chapter. (b) The procedures prescribed by the department must include the following: (1) The savings bank must prepare and submit a conversion plan to the department that provides the terms and conditions of the charter conversion as required by the department. The […]
28-1-21.9-9.5. Voting Rights
Sec. 9.5. The voting parties of a savings bank have the voting rights set forth in IC 28-13-6-2 with respect to a charter conversion of the savings bank under this chapter. As added by P.L.262-1995, SEC.43.
28-1-21.9-10. Approval or Disapproval of Conversion Plans by Department; Hearings; Solicitation of Votes
Sec. 10. (a) The department may approve or disapprove the conversion plan filed under section 9 of this chapter. (b) The department is not required to hold a hearing on the conversion plan. (c) Solicitation of the votes of voting parties may occur before the savings bank receives approval of the department, if the director […]
28-1-21.9-11. Conditions for Approval of Conversion Plans
Sec. 11. The department may not approve the conversion plan unless the department finds, after appropriate investigation or examination, all of the following: (1) That the resulting stock savings bank will operate in a safe, sound, and prudent manner. (2) That the proposed charter conversion will not result in a stock savings bank that has […]