Ind. Code § 28-6.2-2-11

Current through P.L. 171-2024

Section 28-6.2-2-11 - Amendment or termination of reorganization plan

A reorganization plan adopted by the boards of directors of the reorganizing savings bank and any acquiree savings bank may be:

(1) amended by those boards as a result of any regulator's comments:

(A) before any solicitation of proxies from the members to vote on the reorganization plan; and

(B) at any later time with the consent of the director; or

(2) terminated by either board:

(A) at any time before the meeting at which the members vote on the reorganization plan; or

(B) at any later time;

with the consent of the department.

IC 28-6.2-2-11

As added by P.L. 122-1994, SEC.101.