Indiana Code 28-1-21.6-15. Statutes and rules applicable to converted bank
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Terms Used In Indiana Code 28-1-21.6-15
- 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
Sec. 15. Upon the effective time of charter conversion, the converted commercial bank shall, unless otherwise provided in this chapter, immediately become subject to all statutes and rules applicable to commercial banks.
As added by P.L.147-1990, SEC.2.