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§ 28-6-1-19-3 — Indiana Law | CourtGPT
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  4. Title 28 - Financial Institutions/
  5. Article 6.1 - Savings Banks/
  6. Chapter 19 - Disposition of Substantially All the Assets of A Savings Bank Organized Before July 1, 199328-6.1-19-1. Application of Chapter/
  7. § 28-6-1-19-3
Indiana Legal Code

§ 28-6-1-19-3

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A savings bank may, at any time if otherwise lawful, dispose of all or substantially all of its property and assets, including good will, upon terms and conditions and for consideration the savings bank considers beneficial.As added by P.L.42-1993, SEC.72.