Section 28-6.1-16-2 - Department approval of conversion to savings association(a) With the approval of the department, a savings bank may convert into a savings association.(b) Nothing in this title prohibits a savings bank organized under the laws of Indiana from converting to a savings association or a savings bank organized or reorganized under the laws of the United States. Conversion to a savings association or a savings bank organized under the laws of the United States does not require the approval of the department.As added by P.L. 42-1993, SEC.72. Amended by P.L. 122-1994, SEC.100; P.L. 262-1995, SEC.68; P.L. 79-1998, SEC.76.