Sec. 1. (a) The articles of reorganization of a mutual holding company must:

(1) be in a form approved by the director; and

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(2) contain the elements set forth in IC 28-12-2-1.

     (b) The director may establish and require a specific form for the articles of reorganization of a mutual holding company.

As added by P.L.122-1994, SEC.101.