28-6.1-18-6. Jurisdiction of Courts
Sec. 6. After the filing of the action under section 5 of this chapter, the court has jurisdiction to hear and determine all issues and matters relating to the liquidation of the savings bank. As added by P.L.42-1993, SEC.72.
28-6.1-18-7. Taking Charge of Business and Assets by Department; Notice of Departmental Actions
Sec. 7. The department shall do the following: (1) Immediately take charge of the business and assets of the savings bank. (2) Give notice of: (A) the department’s orders directing the liquidation and dissolution of the savings bank; and (B) the appointment of the department’s special representative; by posting copies of the orders in a […]
28-6.1-18-8. Petitions Opposing Liquidation and Dissolution
Sec. 8. (a) A depositor or other creditor of the savings bank who is aggrieved by the proceedings to liquidate and dissolve the savings bank may oppose the liquidation and dissolution by a petition filed in the court in which the liquidation action was filed under section 5 of this chapter. The petition must state […]
28-6.1-18-9. Dismissal of Liquidation and Dissolution Actions
Sec. 9. (a) If after hearing the matter, the court determines that it will not be in the best interest of the depositors and other creditors of the savings bank that the savings bank liquidate its affairs and dissolve, the court shall enter an order: (1) directing the department to return the business and property […]
28-6.1-15-13. Powers and Duties of Department
Sec. 13. This chapter does not limit the powers or duties of the department under IC 28-1. As added by P.L.42-1993, SEC.72.
28-6.1-18-10. Approval of Liquidation and Dissolution Proceedings
Sec. 10. If after hearing the matter, the court determines that it will be in the best interests of the depositors and other creditors of the savings bank to liquidate its affairs and dissolve, the liquidation may proceed. As added by P.L.42-1993, SEC.72.
28-6.1-16-1. Application of Chapter
Sec. 1. This chapter applies only to the following: (1) A savings bank organized, reorganized, or operating under IC 28-6 (before its repeal) before July 1, 1993. (2) A mutual savings bank. (3) A stock savings bank. As added by P.L.42-1993, SEC.72. Amended by P.L.122-1994, SEC.99.
28-6.1-18-11. Finality of Judicial Decisions
Sec. 11. The decision of the court under section 9 or 10 of this chapter is final. As added by P.L.42-1993, SEC.72.
28-6.1-16-2. Department Approval of Conversion to Savings Association
Sec. 2. (a) With the approval of the department, a savings bank may convert into a savings association. (b) Nothing in this title prohibits a savings bank organized under the laws of Indiana from converting to a savings association or a savings bank organized or reorganized under the laws of the United States. Conversion to […]
28-6.1-18-12. Powers and Restrictions of Department
Sec. 12. (a) During the ten (10) day period after the publication required by section 7 of this chapter, the department may make orders regarding the deposits of the savings bank that the department considers in the best interests of all the depositors and creditors of the savings bank. (b) Except as provided in this […]