Indiana Code 28-1-21.8-15. Articles of conversion
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Sec. 15. (a) To effect the stock savings bank conversion, the converting savings association must file with the secretary of state articles of conversion showing the approval of the director of the department.
(c) The articles of conversion constitute articles of incorporation and must set forth the elements required in IC 28-12-2-1.
(b) The converting savings association shall record copies of the articles of conversion with the county recorder of the county where the principal office of the stock savings bank is located.
Terms Used In Indiana Code 28-1-21.8-15
- savings association: means an institution (as defined in 12 U. See Indiana Code 28-1-21.8-4
- stock savings bank: means a savings bank owned by holders of capital stock and formed by conversion under this chapter. See Indiana Code 28-1-21.8-5
As added by P.L.42-1993, SEC.43.