Indiana Code 28-1-33-10. Department approval
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Sec. 10. (a) The department may approve or disapprove the conversion plan filed under section 8 of this chapter.
(c) Solicitation of the votes of voting parties may occur before the mutual savings bank receives approval of the department if the director of the department has reviewed the proxy solicitation material and has notified the mutual savings bank in writing that the department does not object to use of the material.
(b) The department is not required to hold a hearing on the conversion plan.
Terms Used In Indiana Code 28-1-33-10
- conversion plan: refers to a plan of charter conversion prepared under this chapter. See Indiana Code 28-1-33-2
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- mutual savings bank: has the meaning set forth in Indiana Code 28-1-33-5
- voting parties: means the:
Indiana Code 28-1-33-6
As added by P.L.1-2006, SEC.492.