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Terms Used In Indiana Code 28-1-21.4-3

  • 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

  • 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
  • stock savings association: means a savings association that is:

    Indiana Code 28-1-21.4-6

   Sec. 3. As used in this chapter, “conversion plan” refers to the plan of charter conversion of a mutual savings association to a stock savings association required by this chapter.

As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.48.