§ 28-1-8-0.5 “Corporation”
§ 28-1-8-0.7 “Shareholder”
§ 28-1-8-1 Disposition of property and assets; authority; compliance with procedures
§ 28-1-8-2 Resolution proposing sale or other disposition; submission to shareholders
§ 28-1-8-3 Submission of resolution to department; conditions for approval; economic benefits to officers or directors
§ 28-1-8-4 Submission to shareholders; vote required; exception for corporation in danger of insolvency
§ 28-1-8-5 Dissenting shareholders; effective date of disposition; inapplicability to credit unions, mutual savings banks, and mutual savings associations
§ 28-1-8-6 Purchase of assets; submission of resolution and application to department; factors for department’s approval; exceptions to approval requirement
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Terms Used In Indiana Code > Title 28 > Article 1 > Chapter 8 - Sale of Banks, Trust Companies, and Building and Loan Associations

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • corporation: means :

    Indiana Code 28-1-8-0.5

  • Fiduciary: A trustee, executor, or administrator.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5