Indiana Code 28-1-30-10. Articles of mutual bank conversion
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Sec. 10. (a) The converting credit union shall file articles of mutual bank conversion, approved in writing by the director, with the secretary of state.
(c) The converting credit union shall record a copy of the articles of mutual bank conversion with the county recorder of the county where the principal office of the mutual bank is located.
(b) The effective date of the mutual bank conversion is the date and time that the approved articles of mutual bank conversion are filed with the secretary of state, unless a later effective date is specified in the articles of mutual bank conversion.
Terms Used In Indiana Code 28-1-30-10
- credit union: has the meaning set forth in Indiana Code 28-1-30-1
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- mutual bank: means a mutual savings bank governed by Indiana Code 28-1-30-2
- mutual bank conversion: means the conversion of a credit union to a mutual bank. See Indiana Code 28-1-30-3
As added by P.L.62-1999, SEC.2.