28-3-4-1. Legalization of Reorganizations
Sec. 1. Any and all reorganizations by financial institutions organized before March 10, 1941, under any statute of this state under and pursuant to the provisions of IC 28-1, including, but not by way of limitation, reorganizations under and pursuant to the provisions of IC 28-1-10 (repealed July 1, 1988) and reorganizations for the reopening […]
28-3-4-2. Amendment of Articles as to Corporate Duration
Sec. 2. Any bank or trust company organized under any statute of this state may amend its articles of incorporation in the manner prescribed in IC 28-13-14. Any bank or trust company electing to amend its articles of incorporation in such manner may, among other things, provide that such bank or trust company may continue […]
28-3-2-1. Authority to Convert, Merge, or Consolidate
Sec. 1. (a) Subject to the applicable provisions of IC 28-2-13 or IC 28-2-17, any bank or trust company may convert into or merge or consolidate with a national banking association. Nothing contained in this chapter or in any other law of this state shall be construed to require the approval of any officer, department, […]
28-3-2-2. Plan of Conversion, Merger, or Consolidation; Required Approvals
Sec. 2. The plan of conversion, merger, or consolidation shall be approved by the board of directors of the bank or trust company and shall be approved by the board of directors of the national banking association. In cases where a national banking association proposes to convert into a resulting bank or trust company, it […]
28-3-2-3. Shareholders’ Meeting; Completion of Conversion, Merger, or Consolidation
Sec. 3. The board of directors of the bank or trust company and the board of directors of the national banking association shall each give notice of the time, place, and object of the shareholders’ meeting, to act upon the plan of conversion, merger, or consolidation, to each of their respective shareholders of record, which […]
28-3-2-4. Termination of Corporate Status of State Bank Merged or Consolidated With National Banking Association
Sec. 4. Whenever any bank or trust company shall have merged or consolidated with a national banking association, such bank or trust company shall thereupon cease to be a corporation under the laws of this state, except that for a term of three (3) years thereafter its corporate existence shall be deemed to continue for […]
28-3-2-5. Effect of Conversion, Merger, or Consolidation on Obligations of State Bank
Sec. 5. The merger or consolidation of a bank or trust company with, or the conversion of a bank or trust company into a national banking association shall not release such bank or trust company from its obligation to pay and discharge all of the liabilities created by law or incurred by such bank or […]
28-3-2-6. Effect of Conversion, Merger, or Consolidation on Property, Rights, Privileges, Powers, Duties, and Functions of State Bank
Sec. 6. At the time when the merger or consolidation of a bank or trust company with or the conversion of a bank or trust company into a national banking association, or under such charter as may be issued thereafter, becomes effective, all of the property of such bank or trust company, including all of […]
28-3-2-7. Effect of Conversion, Merger, or Consolidation on Fiduciary Relations of State Bank
Sec. 7. If any bank or trust company is acting as the administrator, coadministrator, executor, coexecutor, trustee or cotrustee of or in respect to any estate or trust or guardian of any person or estate which is being administered under the laws of this state, or has been named or designated as such in any […]
28-3-2-8. Effect of Conversion, Merger, or Consolidation on Letters of Administration, Letters Testamentary, or Trusteeship
Sec. 8. Nothing done in connection with the merger or consolidation of any bank or trust company with, or the conversion of any bank or trust company into a national banking association shall be deemed to be or to effect a renunciation or revocation of any letters of administration or letters testamentary, pertaining to such […]