§ 28-1-32-1 “Conversion plan”
§ 28-1-32-2 “Credit union”
§ 28-1-32-3 “Effective time of the conversion”
§ 28-1-32-4 “Mutual savings association”
§ 28-1-32-5 “Voting parties”
§ 28-1-32-6 Voting party rights
§ 28-1-32-7 Authorization to convert into credit union
§ 28-1-32-8 Conversion procedures
§ 28-1-32-8.1 Conversion to federally chartered credit union; requirements; date of charter conversion
§ 28-1-32-9 Department approval of conversion
§ 28-1-32-10 Requirements for approval
§ 28-1-32-11 Rights, privileges, authorizations, and obligations
§ 28-1-32-12 Winding up activities
§ 28-1-32-13 Branches
§ 28-1-32-14 Filing articles of conversion
§ 28-1-32-15 Subject to credit union statutes and rules
§ 28-1-32-16 Rulemaking authority
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code > Title 28 > Article 1 > Chapter 32 - Conversion of a Mutual Savings Association Into a Credit Union

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • conversion plan: refers to a plan for the conversion of a mutual savings association into a credit union that is prepared under this chapter. See Indiana Code 28-1-32-1
  • credit union: has the meaning set forth in Indiana Code 28-1-32-2
  • effective time of the conversion: means :

    Indiana Code 28-1-32-3

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • mutual savings association: means a savings association (as defined in Indiana Code 28-1-32-4
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • voting parties: means the depositors or members of a mutual savings association. See Indiana Code 28-1-32-5