(a) The commissioner shall fully consider any comments received at a required hearing consistent with IC 4-22-2-27 before issuing an order approving or disapproving the application, plan of conversion, and amendment to the articles of incorporation.(b) The commissioner's order or determination shall:(1) be issued within thirty (30) days after the last day of the public hearing or, for a simple plan of conversion, within ninety (90) days after the filing of an application for approval of the plan;(2) be in writing; and(3) detail the reasons why the converting mutual's application is approved or disapproved.As added by P.L.94-1999, SEC.3.
Indiana Legal Code