Sec. 11. (a) The department may approve or disapprove the
conversion plan filed under section 9 of this chapter.
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Terms Used In Indiana Code 28-1-21.4-11
- 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
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- voting parties: means the:
Indiana Code 28-1-21.4-7
(c) Solicitation of the votes of voting parties may occur before the savings association receives approval of the department if the director of the department has reviewed the proxy solicitation material and has notified the savings association in writing that the department does not object to the use of the material.
As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.54.
