Sec. 6. (a) If the department approves the disposition under section 5 of this chapter, the two (2) copies of the resolution returned to the savings bank shall be submitted to the circuit court with jurisdiction in the county in which the savings bank is located.

     (b) If, upon good cause shown by affidavit, the court is satisfied that the terms of the disposition are fair and in the best interests of the depositors and other creditors of the savings bank, the court shall:

Terms Used In Indiana Code 28-6.1-19-6

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • disposition: includes a sale, a lease, an exchange, or other disposition. See Indiana Code 28-6.1-19-2
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(1) approve the disposition upon the terms and conditions set forth in the resolution; and

(2) indicate the approval on both copies of the resolution submitted to the court.

As added by P.L.42-1993, SEC.72.

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