§ 28-1-21-8-16

1.(b) For purposes of a stock savings bank formed under this chapter, references in IC 28-6.1 to formation and operation by a board means:(1) formation by conversion under this chapter; and(2) operation by a board of directors elected by shareholders under IC 28-13.(c) IC 28-6.1-3 does not apply to a stock savings bank formed under this chapter.As added by P.L.42-1993, SEC.43.