Ind. Code § 28-6.1-14-3

Current through P.L. 171-2024

Section 28-6.1-14-3 - Conversion procedure

The department shall prescribe the procedure for conversion under this chapter. The procedure must include the following:

(1) The board of the savings bank must propose a resolution of conversion.

(2) The resolution of conversion must be adopted by the affirmative vote of at least a majority of the shareholders of the savings bank.

(3) The savings bank must provide all relevant information relating to the conversion requested by the department.

IC 28-6.1-14-3

As added by P.L. 42-1993, SEC.72.