Indiana Code 28-1-33-15. Filing articles of charter conversion
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Sec. 15. (a) To effect a charter conversion, the converting mutual savings bank must file with the secretary of state articles of charter conversion showing the approval of the director of the department.
(c) The articles of charter conversion constitute articles of incorporation of the resulting credit union and must set forth the elements required in IC 28-7-1-1(b).
(b) The converting mutual savings bank shall record copies of the articles of charter conversion with the county recorder of the county where the principal office of the credit union will be located.
Terms Used In Indiana Code 28-1-33-15
- charter conversion: means the conversion of a mutual savings bank into a credit union under this chapter. See Indiana Code 28-1-33-1
- credit union: has the meaning set forth in Indiana Code 28-1-33-3
- mutual savings bank: has the meaning set forth in Indiana Code 28-1-33-5
As added by P.L.1-2006, SEC.492.