Indiana Code 28-1-21.9-1. Charter conversion
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Sec. 1. As used in this chapter, “charter conversion” means the conversion of a savings bank to a stock savings bank, including any of the following:
(2) An acquisition involving an existing corporation.
(1) A conversion in connection with the formation of a holding company.
Terms Used In Indiana Code 28-1-21.9-1
- 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.
- savings bank: has the meaning set forth in Indiana Code 28-1-21.9-5.5
- stock savings bank: means a savings bank that is:
Indiana Code 28-1-21.9-6
(3) A merger with an existing financial institution.
As added by P.L.42-1993, SEC.44. Amended by P.L.262-1995, SEC.36.