Terms Used In Indiana Code > Title 28 > Article 1 > Chapter 21.4 - Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• charter conversion: means the conversion of a mutual savings association to a stock savings association, including any of the following:

  Indiana Code 28-1-21.4-2

• conversion plan: refers to the plan of charter conversion of a mutual savings association to a stock savings association required by this chapter. See Indiana Code 28-1-21.4-3
• 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.
• effective time of the charter conversion: means the date:

  Indiana Code 28-1-21.4-4

• in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• mutual savings association: means any mutual savings association organized or reorganized under this title, and any savings association organized under any Indiana statute before February 24, 1933, that is in a mutual form. See Indiana Code 28-1-21.4-1
• primary federal regulator: means the federal agency primarily responsible for the regulation of:

  Indiana Code 28-1-21.4-5.1

• Property: includes personal and real property. See Indiana Code 1-1-4-5
• Statute: A law passed by a legislature.
• stock savings association: means a savings association that is:

  Indiana Code 28-1-21.4-6

• 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
• voting parties: means the:

  Indiana Code 28-1-21.4-7