Indiana Code 28-1-21.7-3. “Mutual bank”
Current as of: 2023 | Check for updates
|
Other versions
Sec. 3. (a) As used in this chapter, “mutual bank” means a mutual savings bank governed by IC 28-6.1.
(b) A reference in IC 28-6.1 to formation and operation of a savings bank by a board means formation by conversion under this chapter and operation by a board of directors elected by members under IC 28-13.
(c) IC 28-6.1-3 does not apply to mutual banks formed by conversion under this chapter.
As added by P.L.147-1990, SEC.3. Amended by P.L.42-1993, SEC.39.