The procedure must include the following conditions:(1) The conversion must be proposed by the board of the savings bank in a resolution of conversion.(2) The resolution of conversion must be adopted by an affirmative vote of at least two-thirds (2/3) of the board members.(3) The savings bank must provide all relevant information requested by the department in connection with the conversion.As added by P.L.42-1993, SEC.72.
Indiana Legal Code