(a) If the board fails to fill a vacancy under section 5 of this chapter for three (3) months after the vacancy is created, the court shall, subject to subsection (b), appoint an individual qualified under this chapter to fill the vacancy.(b) The court shall fill the vacancy upon the written request of:(1) any three (3) trustees; or(2) at least two percent (2%) of the depositors in the savings bank.As added by P.L.42-1993, SEC.72.
Indiana Legal Code