Sec. 7. (a) The commissioner shall fully consider any comments received at a required hearing consistent with
IC 4-22-2-27 before issuing an order approving or disapproving the application, plan of conversion, and
amendment to the articles of incorporation.
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Terms Used In Indiana Code 27-15-4-7
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
(1) be issued within thirty (30) days after the last day of the public hearing or, for a simple plan of conversion, within ninety (90) days after the filing of an application for approval of the plan;
(2) be in writing; and
(3) detail the reasons why the converting mutual’s application is approved or disapproved.
As added by P.L.94-1999, SEC.3.
