28-6.1-18-15. Termination of Savings Bank’s Existence
Sec. 15. When the statement required by section 14 of this chapter is recorded, the savings bank ceases to exist. As added by P.L.42-1993, SEC.72.
28-6.1-20-2. Violations
Sec. 2. A violation of Section 23A or 23B of the Federal Reserve Act (12 U.S.C. 371c or 371c-1) by a savings bank or a subsidiary constitutes a violation of this chapter. As added by P.L.258-2003, SEC.9.
28-6.1-19-1. Application of Chapter
Sec. 1. This chapter applies only to a savings bank organized, reorganized, or operating under IC 28-6 (before its repeal) before July 1, 1993. As added by P.L.42-1993, SEC.72.
28-6.1-19-2. Disposition
Sec. 2. As used in this chapter, “disposition” includes a sale, a lease, an exchange, or other disposition. As added by P.L.42-1993, SEC.72.
28-6.1-19-3. Disposition of Property and Assets
Sec. 3. A savings bank may, at any time if otherwise lawful, dispose of all or substantially all of its property and assets, including good will, upon terms and conditions and for consideration the savings bank considers beneficial. As added by P.L.42-1993, SEC.72.
28-6.1-19-4. Resolutions of Disposition
Sec. 4. (a) A disposition under this chapter must be approved by the board of the savings bank by the adoption of a resolution by the affirmative vote of at least two-thirds (2/3) of the then qualified and acting trustees. (b) The resolution may be adopted at a regular meeting or a special meeting of […]
28-6.1-19-5. Departmental Approval
Sec. 5. (a) Upon receiving a notice under section 4 of this chapter, the department shall conduct investigations it considers necessary. (b) If the department is satisfied that the proposed disposition is fair and will be in the best interests of the depositors and other creditors of the savings bank, the department shall: (1) indicate […]
28-6.1-19-6. Judicial Approval
Sec. 6. (a) If the department approves the disposition under section 5 of this chapter, the two (2) copies of the resolution returned to the savings bank shall be submitted to the circuit court with jurisdiction in the county in which the savings bank is located. (b) If, upon good cause shown by affidavit, the […]
28-6.1-19-7. Copies of Dissolution Resolutions
Sec. 7. If the court approves the disposition under section 6 of this chapter, one (1) copy of the resolution shall be filed in the office of the circuit court clerk and the other copy shall be retained by the savings bank. As added by P.L.42-1993, SEC.72.
28-6.1-19-8. Court Approval Prerequisite to Dissolution
Sec. 8. The disposition may not take place until the court approves it. As added by P.L.42-1993, SEC.72.