Indiana Code 28-6.1-18-7. Taking charge of business and assets by department; notice of departmental actions
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Sec. 7. The department shall do the following:
(2) Give notice of:
(1) Immediately take charge of the business and assets of the savings bank.
Terms Used In Indiana Code 28-6.1-18-7
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(A) the department’s orders directing the liquidation and dissolution of the savings bank; and
(B) the appointment of the department’s special representative;
by posting copies of the orders in a conspicuous place in the lobby of the savings bank and by one (1) publication of the notice in a newspaper of general circulation, printed in the English language and published in the county where the savings bank is located. The department shall also file a copy of its order appointing a special representative in the court in which the order was filed under section 5 of this chapter.
As added by P.L.42-1993, SEC.72.