Indiana Code 28-1-21.7-8. Conversion upon approval
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Terms Used In Indiana Code 28-1-21.7-8
- department: means the department of financial institutions and, if applicable, the department's authorized delegate. See Indiana Code 28-1-21.7-1
- mutual bank: means a mutual savings bank governed by Indiana Code 28-1-21.7-3
- primary federal regulator: means the federal agency primarily responsible for the regulation of:
Indiana Code 28-1-21.7-5.1
- savings association: means an institution (as defined in 12 U. See Indiana Code 28-1-21.7-6
Sec. 8. Any savings association may, upon approval of the department and, if required by federal law, the primary federal regulator, effect a mutual bank conversion.
As added by P.L.147-1990, SEC.3. Amended by P.L.27-2012, SEC.63.