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 […]
28-3-1-1. Petition; Vote of Shareholders; Order and Bond
Sec. 1. Whenever the directors of any bank organized under the laws of this state, shall desire to liquidate any such bank, they may file a petition with the department of financial institutions for authority so to do. After the filing of any such petition, the said department shall authorize the directors to call a […]
28-3-1-2. Sequence of Payments; Dissenting Stockholders
Sec. 2. Upon the filing and approval of such bond, the officers of any such bank, shall without delay, proceed with the liquidation of its business by first paying all of its depositors in full, and when all of such depositors have been paid in full, the holders of the capital stock of such bank […]
28-3-1-3. Surrender of Certificate of Incorporation
Sec. 3. When the affairs of said bank shall have been completely liquidated, its officers shall at once surrender its certificate of incorporation to the secretary of state who shall cancel same, and said certificate shall thereafter be void and of no legal effect. Formerly: Acts 1943, c.39, s.3.
28-3-1-4. Alternative Method
Sec. 4. This chapter shall not be construed to repeal any other law providing for the liquidation of banks, but it shall be construed as providing an alternative method for the liquidation of banks. Formerly: Acts 1943, c.39, s.4. As amended by P.L.263-1985, SEC.128.