Indiana Code 28-1-31-6. Financial institution may effect charter conversion
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Terms Used In Indiana Code 28-1-31-6
- charter conversion: means the conversion of an out-of-state financial institution to a commercial bank. See Indiana Code 28-1-31-1
- department: means the department of financial institutions and, if applicable, the department's authorized delegate. See Indiana Code 28-1-31-3
- out-of-state financial institution: means a bank or savings bank organized under the laws of any other state or the United States that has a branch or branches in Indiana that were established under IC 28-2-17 or IC 28-2-18. See Indiana Code 28-1-31-5
Sec. 6. An out-of-state financial institution may, upon approval of the department, effect a charter conversion.
As added by P.L.1-2006, SEC.490.