28-6.1-19-13. Orders Enjoining Dispositions
Sec. 13. If the court finds that the disposition proposed by the resolution is not fair or will not be in the best interests of the depositors or other creditors of the savings bank, the court shall enter an order enjoining the proposed disposition and assessing the costs of the proceeding against the savings bank. […]
28-6.1-19-14. Finality of Judicial Decisions
Sec. 14. A decision of the court under section 12 or 13 of this chapter is final. As added by P.L.42-1993, SEC.72.
28-6.1-18-14. Statements of Dissolution
Sec. 14. (a) Upon completion of the liquidation, the department shall prepare and file a statement of dissolution in the office of the recorder of the county in which the savings bank was located. (b) The statement of dissolution shall contain the following: (1) The name of the savings bank. (2) The location of the […]
28-6.1-20-1. Applicability
Sec. 1. For purposes of this article, a savings bank that is not a member of the Federal Reserve System is subject to Sections 23A and 23B of the Federal Reserve Act (12 U.S.C. 371c or 371c-1) to the same extent and in the same manner as if the savings bank were a member of […]
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 […]