Indiana Code 28-15-14-1. Merger, consolidation, or conversion; vote of shareholders and members required; compliance with federal law
(1) merged or consolidated with; or
Terms Used In Indiana Code 28-15-14-1
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
a federal savings association, under the charter of the federal savings association or under a new charter issued to the converted association or the merged or consolidated association, upon a vote of fifty-one percent (51%) or more of the votes cast at a legal meeting of the shareholders and members of the state chartered savings association called to consider the proposed merger, consolidation, or conversion.
(b) A merger, consolidation, or conversion under this section must be accomplished:
(1) in compliance with the laws of the United States relating to the merger, consolidation, or conversion; and
(2) upon terms and conditions prescribed or approved by the Office of the Comptroller of the Currency or its successor.
As added by P.L.193-1997, SEC.2. Amended by P.L.27-2012, SEC.118; P.L.29-2022, SEC.16.