Terms Used In Indiana Code > Title 28 > Article 1 > Chapter 21.6 - Charter Conversion of Mutual or Stock Savings Associations to Commercial Banks

• 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 savings association to a commercial bank. See Indiana Code 28-1-21.6-1
• commercial bank: means a stock bank or trust company (as defined by IC 28-1-1-3(2)). See Indiana Code 28-1-21.6-2
• department: means the Indiana department of financial institutions and, if applicable, the department's authorized delegate. See Indiana Code 28-1-21.6-3
• effective time of the charter conversion: means :

  Indiana Code 28-1-21.6-4

• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• primary federal regulator: means the federal agency primarily responsible for the regulation of:

  Indiana Code 28-1-21.6-5.1

• Property: includes personal and real property. See Indiana Code 1-1-4-5
• savings association: means an institution (as defined in Indiana Code 28-1-21.6-6
• 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 in the case of a mutual savings association the mutual savings association's depositors or members, and in the case of a stock savings association the stock savings association's stockholders. See Indiana Code 28-1-21.6-7