Sec. 6. (a) If the board fails to fill a vacancy under section 5 of this chapter for three (3) months after the vacancy is created, the court shall, subject to subsection (b), appoint an individual qualified under this chapter to fill the vacancy.

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Terms Used In Indiana Code 28-6.1-3-6

  • court: refers to the circuit court, superior court, or probate court of the county in which the savings bank is located. See Indiana Code 28-6.1-3-2
     (b) The court shall fill the vacancy upon the written request of:

(1) any three (3) trustees; or

(2) at least two percent (2%) of the depositors in the savings bank.

As added by P.L.42-1993, SEC.72.

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