Indiana Code 28-6.1-16-4. Rights and obligations upon conversion
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Terms Used In Indiana Code 28-6.1-16-4
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Sec. 4. Upon conversion, the new savings association has all the rights, privileges, immunities, and powers and, except as provided in this chapter, is subject to all the duties, restrictions, penalties, and liabilities of a savings association organized under IC 28-4 (before its repeal) or under IC 28-15.
As added by P.L.42-1993, SEC.72. Amended by P.L.79-1998, SEC.77.