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Ind. Code § 28-12-11-3

Requirements for savings associations organized or recognized under this title

As added by P.L.42-1993, SEC.92

Sec. 3. The department shall determine the capital stock requirements of a savings association organized or reorganized under this title after giving consideration to the following:

(1) In the case of a proposed new savings association, the potential deposit liability anticipated.

(2) In the case of a savings association to be reorganized, the existing deposit liability.

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