Public-domain · open source
OpenJurist

Ind. Code § 28-1-30-10

Articles of mutual bank conversion

Known as the The Indiana Financial Institutions Act

The act spans §§ 28-1-1-1 to 28-1-9-9 (499 sections).

As added by P.L.62-1999, SEC.2.

Sec. 10. (a) The converting credit union shall file articles of mutual bank conversion, approved in writing by the director, with the secretary of state.

(b) The effective date of the mutual bank conversion is the date and time that the approved articles of mutual bank conversion are filed with the secretary of state, unless a later effective date is specified in the articles of mutual bank conversion.

(c) The converting credit union shall record a copy of the articles of mutual bank conversion with the county recorder of the county where the principal office of the mutual bank is located.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.