Terms Used In Indiana Code > Title 28 > Article 1 > Chapter 21.9 - Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• charter conversion: means the conversion of a savings bank to a stock savings bank, including any of the following:

  Indiana Code 28-1-21.9-1

• conversion plan: refers to the plan of charter conversion of a savings bank to a stock savings bank required by this chapter. See Indiana Code 28-1-21.9-2
• 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.
• effective time of the charter conversion: means :

  Indiana Code 28-1-21.9-3

• in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• primary federal regulator: means the federal agency primarily responsible for the regulation of:

  Indiana Code 28-1-21.9-5.1

• Property: includes personal and real property. See Indiana Code 1-1-4-5
• 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

• United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
• voting parties: means the:

  Indiana Code 28-1-21.9-7