reglab/housing_qa huggingface dataset:
IN Code § 28-1-20-1.1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 20. General Provisions Concerning Banks and Trust Companies|28-1-20-1.1. Statements of Account; Dormant Accounts; Service and Maintenance Charges

Sec. 1.1. (a) When a statement of account has been delivered by a bank or savings bank to a depositor, the account, after the period of three (3) years from the date of its delivery, shall be deemed finally adjusted and its correctness conclusively presumed. A statement of account or a passbook is delivered to a depositor, within the meaning of this subsection, when received by the depositor or the depositor's agent in person or when mailed to the depositor at the depositor's last known address. This section does not relieve the depositor from the duty of exercising due diligence in the examination of the statement of account. A depositor must immediately notify the bank or savings bank upon discovery of any error in the statement of account.(b) Any bank, savings bank, or trust company may impose and collect a monthly service charge and maintenance charge on dormant accounts, in amounts that:(1) are reasonable, as determined by resolution of the board of directors; and(2) are properly disclosed to the bank's, savings bank's, or trust company's depositors.(c) For the purpose of this section:(1) a transaction account (as defined in 12 CFR 204.2(e)) is considered a dormant account after one (1) year from the date of the last transaction recorded on the books of the bank, savings bank, or trust company with respect to the account; and(2) any other account that is not a transaction account (as defined in 12 CFR 204.2(e)) is considered a dormant account after three (3) years from the date of the last transaction recorded on the books of the bank, savings bank, or trust company with respect to the account.(d) Any bank, savings bank, or trust company may impose and collect monthly service charges and maintenance charges on active accounts that are carried by it on its books, in such amounts as may be agreed upon between it and its depositors.(e) This section is applicable to national banking associations doing business in this state.As added by Acts 1980, P.L.40, SEC.9. Amended by P.L.258-1989, SEC.1; P.L.122-1994, SEC.80; P.L.215-1999, SEC.3; P.L.89-2011, SEC.35.
IN Code § 28-1-20-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 20. General Provisions Concerning Banks and Trust Companies|28-1-20-3. Insolvency; Void Transfers

Sec. 3. All transfers of notes, bonds, bills of exchange and other evidences of debt owing to any bank or trust company; all transfers of deposits to its credit; all assignments of mortgages, sureties on real estate, or of judgments or decrees in its favor; all deposits of money, bullion or other valuable thing for its use, or for the use of any of its shareholders or creditors; and all payments of money to either shareholders or creditors, made after the commission of an act of insolvency, or in contemplation thereof, with a view to preventing the application of its assets to the proper payment of its just liabilities, or with a view to the preference of one creditor to another, shall be null and void.Formerly: Acts 1933, c.40, s.245.
IN Code § 28-1-20-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 20. General Provisions Concerning Banks and Trust Companies|28-1-20-5. Depositors; Withdrawal of Deposits

Sec. 5. All persons, regardless of age, may become depositors in any bank or trust company and shall be subject to the same duties and liabilities respecting their deposits. Whenever a deposit is accepted by any bank or trust company in the name of any person, regardless of age, the deposit may be withdrawn by the depositor by any of the following methods:(1) Check or other instrument in writing. The check or other instrument in writing constitutes a receipt or acquittance if the check or other instrument in writing is signed by the depositor, and constitutes a valid release and discharge to the bank or trust company for all payments so made.(2) Electronic means through:(A) preauthorized direct withdrawal;(B) an automated teller machine;(C) a debit card;(D) a transfer by telephone;(E) a network, including the Internet; or(F) any:(i) electronic terminal;(ii) computer;(iii) magnetic tape; or(iv) other electronic means.However, this section may not be construed to affect the rights, liabilities, or responsibilities of participants in an electronic fund transfer under the federal Electronic Fund Transfer Act (15 U.S.C. 1693 et. seq.).Formerly: Acts 1933, c.40, s.247; Acts 1973, P.L.280, SEC.4. As amended by P.L.19-1999, SEC.1; P.L.81-2001, SEC.2.
IN Code § 28-1-20-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 20. General Provisions Concerning Banks and Trust Companies|28-1-20-6. Loans; Misrepresenting Age; Estoppel by Representation

Sec. 6. When, in case of any loan made by any bank or trust company, the borrower, or any other person furnishing security on behalf of the borrower, shall, as an inducement to the bank or trust company to make the loan, represent to it, in writing, that he or she is eighteen (18) years of age or older, whereas in fact such person or persons are under the age of eighteen (18) years, or shall otherwise make any false statement or representation to the bank or trust company, and the bank or trust company is thereby deceived, and the loan is made in reliance upon such representation, neither the person so representing, nor any one in his or her behalf, nor any person otherwise legally liable to pay such loan, shall afterwards be allowed, as against such bank or trust company, to take advantage of the fact that the person making the representation was under eighteen (18) years of age, but each such person shall be estopped by such representation.Formerly: Acts 1933, c.40, s.248; Acts 1973, P.L.280, SEC.5.
IN Code § 28-1-20-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 20. General Provisions Concerning Banks and Trust Companies|28-1-20-7. Associations of Banks and Trust Companies; Authority to Join

Sec. 7. With the consent and approval of the department, any bank or trust company may become associated with any organization or association of banks and trust companies, whether state or national, or both, if such organization or association is formed pursuant to federal legislation which confers on banks or trust companies in this state the privilege of participating in such organization or association, and the purposes thereof are not inconsistent with any law of this state.Formerly: Acts 1933, c.40, s.249.
IN Code § 28-1-21.4-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-1. "Mutual Savings Association"

Sec. 1. As used in this chapter, "mutual savings association" means any mutual savings association organized or reorganized under this title, and any savings association organized under any Indiana statute before February 24, 1933, that is in a mutual form.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.46.
IN Code § 28-1-21.4-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-2. "Charter Conversion"

Sec. 2. As used in this chapter, "charter conversion" means the conversion of a mutual savings association to a stock savings association, including any of the following:(1) A conversion in connection with the formation of a holding company.(2) An acquisition involving an existing corporation.(3) A merger with an existing financial institution.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.47.
IN Code § 28-1-21.4-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-3. "Conversion Plan"

Sec. 3. As used in this chapter, "conversion plan" refers to the plan of charter conversion of a mutual savings association to a stock savings association required by this chapter.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.48.
IN Code § 28-1-21.4-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-4. "Effective Time of the Charter Conversion"

Sec. 4. As used in this chapter, "effective time of the charter conversion" means the date:(1) that the articles of conversion are filed with the secretary of state under section 16 of this chapter; or(2) designated in the articles of conversion.As added by P.L.176-1996, SEC.14.
IN Code § 28-1-21.4-5.1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-5.1. "Primary Federal Regulator"

Sec. 5.1. As used in this chapter, "primary federal regulator" means the federal agency primarily responsible for the regulation of:(1) savings associations; or(2) savings association holding companies;organized under the laws of any state or the United States.As added by P.L.27-2012, SEC.55.
IN Code § 28-1-21.4-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-6. "Stock Savings Association"

Sec. 6. As used in this chapter, "stock savings association" means a savings association that is:(1) owned by holders of capital stock; and(2) formed by conversion under this chapter.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.49.
IN Code § 28-1-21.4-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-7. "Voting Parties"

Sec. 7. As used in this chapter, "voting parties" means the:(1) depositors; and(2) borrowers;of a mutual savings association as provided in IC 28-13-6-2(f).As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.50; P.L.215-1999, SEC.5.
IN Code § 28-1-21.4-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-8. Power of Mutual Savings Associations to Convert Charter

Sec. 8. Notwithstanding any provision of this title, a mutual savings association may convert its charter under this chapter with the approval of the department.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.51.
IN Code § 28-1-21.4-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-9. Duty of Department to Prescribe Procedures

Sec. 9. (a) The department shall prescribe procedures for charter conversions under this chapter.(b) The procedures prescribed by the department must include the following:(1) The savings association must prepare and submit a conversion plan to the department that provides the terms and conditions of the charter conversion as required by the department. The conversion plan must stipulate the manner of distribution of stock.(2) The conversion plan must be adopted by at least a majority of the board of directors of the savings association.(3) Upon approval of a plan of charter conversion by the board of directors of the savings association, the conversion plan and a certified copy of the resolution of the board of directors approving the conversion plan shall be submitted to the department for approval.(4) The conversion plan must be conditioned upon the approval of at least a majority of the total number of votes eligible to be cast at a regular or special meeting of the voting parties. In obtaining the approval of the conversion plan by the voting parties, the converting savings association shall provide to the voting parties the information regarding the conversion plan that the department requires. In determining the information that must be provided, the department shall give due consideration to the requirements of the regulations of the primary federal regulator relating to proxy statements governed by Section 14 of the Securities Exchange Act of 1934 (15 U.S.C. 78n).(5) The savings association shall provide to the department the additional relevant information requested by the department in connection with the conversion plan.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.52; P.L.27-2012, SEC.56.
IN Code § 28-1-21.4-10 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-10. Voting Rights

Sec. 10. The voting parties of a mutual savings association have the voting rights set forth in IC 28-13-6-2 with respect to a charter conversion of the mutual savings association under this chapter.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.53.
IN Code § 28-1-21.4-11 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-11. Approval or Disapproval by Department

Sec. 11. (a) The department may approve or disapprove the conversion plan filed under section 9 of this chapter.(b) The department is not required to hold a hearing on the conversion plan.(c) Solicitation of the votes of voting parties may occur before the savings association receives approval of the department if the director of the department has reviewed the proxy solicitation material and has notified the savings association in writing that the department does not object to the use of the material.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.54.
IN Code § 28-1-21.4-12 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-12. Conditions for Approval

Sec. 12. The department may not approve the conversion plan unless the department finds, after appropriate investigation or examination, all of the following:(1) That the resulting stock savings association will operate in a safe, sound, and prudent manner.(2) That the proposed charter conversion will not result in a stock savings association that has inadequate capital, unsatisfactory management, or poor earnings prospects.(3) That the management or other principals of the savings association are qualified by character and financial responsibility to control and operate in a legal and proper manner the proposed stock savings association.(4) That the interests of the depositors, the creditors, and the public generally will not be jeopardized by the proposed charter conversion.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.55.
IN Code § 28-1-21.4-13 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-13. Powers and Duties at Effective Time of Conversion

Sec. 13. At the effective time of the charter conversion, the resulting stock savings association:(1) possesses all of the rights, privileges, immunities, and powers of a stock savings association;(2) unless otherwise provided in this chapter, is subject to all of the statutes, regulations, duties, restrictions, obligations, and liabilities of a stock savings association;(3) succeeds by operation of law to all rights and property of the converting savings association; and(4) is subject to all debts, obligations, and liabilities of the converting savings association as if the stock savings association had incurred the debts and liabilities.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.56.
IN Code § 28-1-21.4-14 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-14. Transitional Period

Sec. 14. The department may authorize the resulting stock savings association to do the following:(1) Wind up any activities legally engaged in by the savings association at the effective time of the charter conversion not permitted to stock savings associations.(2) Retain for a transitional period any assets legally held by the savings association at the effective time of the charter conversion that otherwise may not be held by stock savings associations.The terms and conditions of the transitional period under subdivisions (1) and (2) are subject to the discretion of the department. However, the transitional period may not exceed ten (10) years after the effective time of the charter conversion.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.57.
IN Code § 28-1-21.4-15 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-15. Branches

Sec. 15. A stock savings association created by charter conversion may retain all branches lawfully established.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.58.
IN Code § 28-1-21.4-16 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-16. Filing With Secretary of State

Sec. 16. (a) To effect the charter conversion, the converting savings association must file with the secretary of state articles of charter conversion showing the approval of the director of the department.(b) The converting savings association shall record copies of the articles of charter conversion with the county recorder of the county where the principal office of the stock savings association is located.(c) The articles of charter conversion constitute articles of incorporation and must set forth the elements required in IC 28-12-2-1.As added by P.L.176-1996, SEC.14. Amended by P.L.79-1998, SEC.59.
IN Code § 28-1-21.4-17 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association|28-1-21.4-17. Rules

Sec. 17. The department may adopt rules under IC 4-22-2 or policies to implement this chapter.As added by P.L.176-1996, SEC.14.
IN Code § 28-1-21.6-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.6. Charter Conversion of Mutual or Stock Savings Associations to Commercial Banks|28-1-21.6-1. "Charter Conversion"

Sec. 1. As used in this chapter, "charter conversion" means the conversion of a savings association to a commercial bank.As added by P.L.147-1990, SEC.2.
IN Code § 28-1-21.6-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.6. Charter Conversion of Mutual or Stock Savings Associations to Commercial Banks|28-1-21.6-2. "Commercial Bank"

Sec. 2. As used in this chapter, "commercial bank" means a stock bank or trust company (as defined by IC 28-1-1-3(2)).As added by P.L.147-1990, SEC.2. Amended by P.L.42-1993, SEC.35.
IN Code § 28-1-21.6-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.6. Charter Conversion of Mutual or Stock Savings Associations to Commercial Banks|28-1-21.6-3. "Department"

Sec. 3. As used in this chapter, "department" means the Indiana department of financial institutions and, if applicable, the department's authorized delegate.As added by P.L.147-1990, SEC.2.
IN Code § 28-1-21.6-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.6. Charter Conversion of Mutual or Stock Savings Associations to Commercial Banks|28-1-21.6-4. "Effective Time of the Charter Conversion"

Sec. 4. As used in this chapter, "effective time of the charter conversion" means:(1) the date that articles of conversion are filed with the Indiana secretary of state; or(2) the date designated in the articles of conversion.As added by P.L.147-1990, SEC.2. Amended by P.L.122-1994, SEC.82.
IN Code § 28-1-21.6-5.1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.6. Charter Conversion of Mutual or Stock Savings Associations to Commercial Banks|28-1-21.6-5.1. "Primary Federal Regulator"

Sec. 5.1. As used in this chapter, "primary federal regulator" means the federal agency primarily responsible for the regulation of:(1) savings associations; or(2) savings association holding companies;organized under the laws of any state or the United States.As added by P.L.27-2012, SEC.58.
IN Code § 28-1-21.6-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.6. Charter Conversion of Mutual or Stock Savings Associations to Commercial Banks|28-1-21.6-6. "Savings Association"

Sec. 6. As used in this chapter, "savings association" means an institution (as defined in 12 U.S.C. 1813(b)) that maintains the principal office of the institution in Indiana. The term includes federally chartered savings associations and savings banks, and state savings and loan associations and building and loan associations, whether in stock or mutual form of ownership. The term does not include mutual savings banks.As added by P.L.147-1990, SEC.2.
IN Code § 28-1-21.6-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.6. Charter Conversion of Mutual or Stock Savings Associations to Commercial Banks|28-1-21.6-7. "Voting Parties"

Sec. 7. As used in this chapter, "voting parties" means in the case of a mutual savings association the mutual savings association's depositors or members, and in the case of a stock savings association the stock savings association's stockholders. Voting parties have the voting rights stipulated by the bylaws of the converting savings association.As added by P.L.147-1990, SEC.2.
IN Code § 28-1-21.6-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.6. Charter Conversion of Mutual or Stock Savings Associations to Commercial Banks|28-1-21.6-8. Conversion Upon Approval

Sec. 8. Any savings association may, upon approval of the department and, if required by federal law, the primary federal regulator, effect a charter conversion.As added by P.L.147-1990, SEC.2. Amended by P.L.27-2012, SEC.59.