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§ 28-12-11-3 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 12 - Formation of Banks, Trust Companies, and Building and Loan Associations/
  6. Chapter 11 - Capital Requirements for Corporations28-12-11-1. Requirements for Corporations Organized or Reorganized Under This Title/
  7. § 28-12-11-3
Indiana Legal Code

§ 28-12-11-3

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The department shall determine the capital stock requirements of a savings association organized or reorganized under this title after giving consideration to the following:(1) In the case of a proposed new savings association, the potential deposit liability anticipated.(2) In the case of a savings association to be reorganized, the existing deposit liability.As added by P.L.42-1993, SEC.92. Amended by P.L.79-1998, SEC.88.