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- 2023 Edition
- Title 28. Financial Institutions
- Article 6.2. Mutual Savings Bank Holding Companies
- Chapter 2. Reorganizing As a Mutual Savings Bank Holding Company
IC 28-6.2-2-2 Prerequisites to Reorganization
| Library | Indiana Statutes |
| Edition | 2023 |
| Currency | Current through P.L. 255-2023 |
| Year | 2023 |
| Citation | IC 28-6.2-2-2 |
Before reorganizing into a mutual holding company, a reorganizing savings bank shall do the following:
(1) Obtain approval of a reorganization plan by a majority of the board of directors of the reorganizing savings bank.
(2) File the reorganization plan with the department.
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