§ 28-1-7.1-1 “Depository financial institution”
§ 28-1-7.1-2 “Standard conversion”
§ 28-1-7.1-3 Depository financial institution with mutual ownership; authority to engage in voluntary supervisory conversion
§ 28-1-7.1-4 Voluntary supervisory conversion; types of transactions
§ 28-1-7.1-5 Voluntary supervisory conversion; eligibility; conditions
§ 28-1-7.1-6 Director’s determination of resulting entity’s viability; conditions; authority of director to act; applicability of law governing mergers and consolidations; waiver of law
§ 28-1-7.1-7 Depositors; no right to participate in or approve conversion; no ownership interests in converted institution; liquidation account
§ 28-1-7.1-8 Plan of conversion; adoption by board; contents
§ 28-1-7.1-9 Application to department; required information and documents
§ 28-1-7.1-10 Denial of application; findings by director
§ 28-1-7.1-11 Approval of application; conditions
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Terms Used In Indiana Code > Title 28 > Article 1 > Chapter 7.1 - Voluntary Supervisory Conversion

  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • depository financial institution: has the meaning set forth in IC 28-1-1-6, but does not include a credit union. See Indiana Code 28-1-7.1-1
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
  • standard conversion: refers to a transaction permitted under any of the following:

    Indiana Code 28-1-7.1-2