Ind. Code § 28-12-11-3

Current through P.L. 171-2024

Section 28-12-11-3 - Requirements for savings associations organized or recognized under this title

The department shall determine the capital stock requirements of a savings association organized or reorganized under this title after giving consideration to the following:

(1) In the case of a proposed new savings association, the potential deposit liability anticipated.

(2) In the case of a savings association to be reorganized, the existing deposit liability.

IC 28-12-11-3

As added by P.L. 42-1993, SEC.92. Amended by P.L. 79-1998, SEC.88.