Ind. Code § 28-15-14-6

Current through P.L. 171-2024

Section 28-15-14-6 - Organization of new savings association; bylaws

After the conversion of a federal savings association into a state chartered savings association under section 4 of this chapter, the organization of the savings association shall be completed in the manner provided by IC 28-12, except that bylaws for the savings association:

(1) may be adopted by the members of the federal association when the members adopt the resolution authorizing the conversion; and

(2) may become effective upon the issuance of the certificate of incorporation under section 4(g) of this chapter.

IC 28-15-14-6

Amended by P.L. 29-2022,SEC. 21, eff. 3/7/2022.

As added by P.L. 193-1997, SEC.2.