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§ 28-6-1-19-5 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  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. § 28-6-1-19-5
Indiana Legal Code

§ 28-6-1-19-5

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(b) If the department is satisfied that the proposed disposition is fair and will be in the best interests of the depositors and other creditors of the savings bank, the department shall:(1) indicate its approval on all copies of the resolution; and(2) return two (2) of the copies to the savings bank.As added by P.L.42-1993, SEC.72.