Indiana Code 28-1-21.4-2. “Charter conversion”
Current as of: 2023 | Check for updates
|
Other versions
Sec. 2. As used in this chapter, “charter conversion” means the conversion of a mutual savings association to a stock savings association, including any of the following:
(2) An acquisition involving an existing corporation.
(1) A conversion in connection with the formation of a holding company.
Terms Used In Indiana Code 28-1-21.4-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- mutual savings association: means any mutual savings association organized or reorganized under this title, and any savings association organized under any Indiana statute before February 24, 1933, that is in a mutual form. See Indiana Code 28-1-21.4-1
- stock savings association: means a savings association that is:
Indiana Code 28-1-21.4-6
(3) A merger with an existing financial institution.
As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.47.