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 […]