Indiana Code 28-1-21.6-14. Articles of conversion; filing
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Terms Used In Indiana Code 28-1-21.6-14
- charter conversion: means the conversion of a savings association to a commercial bank. See Indiana Code 28-1-21.6-1
- commercial bank: means a stock bank or trust company (as defined by IC 28-1-1-3(2)). See Indiana Code 28-1-21.6-2
- department: means the Indiana department of financial institutions and, if applicable, the department's authorized delegate. See Indiana Code 28-1-21.6-3
- savings association: means an institution (as defined in 12 U. See Indiana Code 28-1-21.6-6
Sec. 14. In order to effect the charter conversion, the converting savings association shall file articles of charter conversion, bearing the approval of the director of the department, with the secretary of state. The converting savings association shall also file copies of the articles of charter conversion with the county recorder of the county where the principal office of the commercial bank is located.
As added by P.L.147-1990, SEC.2.