§ 28-1-31-1 “Charter conversion”
§ 28-1-31-2 “Commercial bank”
§ 28-1-31-3 “Department”
§ 28-1-31-4 “Effective time of the charter conversion”
§ 28-1-31-5 “Out-of-state financial institution”
§ 28-1-31-6 Financial institution may effect charter conversion
§ 28-1-31-7 Procedures for charter conversion
§ 28-1-31-8 Approval of plan of charter conversion
§ 28-1-31-9 Resulting commercial bank; rights, privileges, and duties
§ 28-1-31-10 Resulting commercial bank may wind up activities and retain assets
§ 28-1-31-11 Retention of branches
§ 28-1-31-12 Filing articles of charter conversion
§ 28-1-31-13 Resulting commercial bank subject to statutes and rules
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Terms Used In Indiana Code > Title 28 > Article 1 > Chapter 31 - Conversion of an Out-of-State Financial Institution Charter Into a Commercial 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 an out-of-state financial institution to a commercial bank. See Indiana Code 28-1-31-1
  • commercial bank: means a bank or trust company (as defined by IC 28-1-1-3(2)). See Indiana Code 28-1-31-2
  • department: means the department of financial institutions and, if applicable, the department's authorized delegate. See Indiana Code 28-1-31-3
  • effective time of the charter conversion: means :

    Indiana Code 28-1-31-4

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • out-of-state financial institution: means a bank or savings bank organized under the laws of any other state or the United States that has a branch or branches in Indiana that were established under IC 28-2-17 or IC 28-2-18. See Indiana Code 28-1-31-5
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • 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