reglab/housing_qa huggingface dataset:
IN Code § 28-1-21.8-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.8. Charter Conversion of a Mutual or Stock Savings Association to a Stock Savings Bank|28-1-21.8-9. Conversion Procedures

Sec. 9. (a) The department shall prescribe procedures for stock savings bank conversions.(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 stock savings bank conversion as required by the department. The resulting stock savings bank is not required to register its stock under the Securities and Exchange Act of 1934 (15 U.S.C. 77b et seq.) unless required by other applicable laws or regulations. A conversion plan is sufficient if it complies with the requirements of the primary federal regulator. In case of a stock savings bank conversion by a mutual savings association, the conversion plan must specify the manner of distribution of stock in conformance with the primary federal regulator's regulations unless otherwise provided in this chapter.(2) The conversion plan must be adopted by not less than a majority of the board of directors of the savings association.(3) Upon approval of the conversion plan 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 must be submitted to the department for approval.(4) The conversion plan must be conditioned on the approval of not less than 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 required by the department. In determining the information that must be provided, the department shall give due consideration to the requirements of the primary federal regulator's regulations relating to proxy statements governed by Section 14 of the Security and Exchange Act of 1934 (15 U.S.C. 78n).(5) The savings association shall provide to the department additional relevant information requested by the department regarding the conversion plan.(c) Voting parties have the voting rights provided by the bylaws or charter of the converting savings association.As added by P.L.42-1993, SEC.43. Amended by P.L.27-2012, SEC.67.
IN Code § 28-1-21.8-10 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.8. Charter Conversion of a Mutual or Stock Savings Association to a Stock Savings Bank|28-1-21.8-10. Approval or Disapproval of Conversion Plans by Department; Hearings; Solicitation of Votes

Sec. 10. (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 the department's approval of the conversion plan 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 use of the material.As added by P.L.42-1993, SEC.43.
IN Code § 28-1-21.8-11 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.8. Charter Conversion of a Mutual or Stock Savings Association to a Stock Savings Bank|28-1-21.8-11. Conditions for Approval of Conversion Plans

Sec. 11. 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 bank will operate in a safe, sound, and prudent manner.(2) That the proposed stock savings bank conversion will not result in a stock savings bank 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 bank.(4) That the interests of the depositors, creditors, and public generally will not be jeopardized by the proposed stock savings bank conversion.As added by P.L.42-1993, SEC.43.
IN Code § 28-1-21.8-12 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.8. Charter Conversion of a Mutual or Stock Savings Association to a Stock Savings Bank|28-1-21.8-12. Rights and Obligations of Converted Stock Savings Banks

Sec. 12. At the effective time of the charter conversion, the resulting stock savings bank:(1) possesses all of the rights, privileges, immunities, and powers of a stock savings bank;(2) unless otherwise provided in this chapter, is subject to all of the statutes, rules, duties, restrictions, obligations, and liabilities of a stock savings bank;(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 bank had incurred the debts and liabilities.As added by P.L.42-1993, SEC.43.
IN Code § 28-1-21.8-13 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.8. Charter Conversion of a Mutual or Stock Savings Association to a Stock Savings Bank|28-1-21.8-13. Transitional Period

Sec. 13. The department may authorize the resulting stock savings bank 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 banks.(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 banks.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.42-1993, SEC.43.
IN Code § 28-1-21.8-14 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.8. Charter Conversion of a Mutual or Stock Savings Association to a Stock Savings Bank|28-1-21.8-14. Retention of Branches

Sec. 14. Notwithstanding IC 28-6.1-12, a stock savings bank created by a stock savings bank conversion may retain all branches lawfully established.As added by P.L.42-1993, SEC.43.
IN Code § 28-1-21.8-15 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.8. Charter Conversion of a Mutual or Stock Savings Association to a Stock Savings Bank|28-1-21.8-15. Articles of Conversion

Sec. 15. (a) To effect the stock savings bank conversion, the converting savings association must file with the secretary of state articles of conversion showing the approval of the director of the department.(b) The converting savings association shall record copies of the articles of conversion with the county recorder of the county where the principal office of the stock savings bank is located.(c) The articles of conversion constitute articles of incorporation and must set forth the elements required in IC 28-12-2-1.As added by P.L.42-1993, SEC.43.
IN Code § 28-1-21.8-16 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.8. Charter Conversion of a Mutual or Stock Savings Association to a Stock Savings Bank|28-1-21.8-16. Application of Banking Law

Sec. 16. (a) Except as provided in subsection (c), a stock savings bank formed under this chapter is governed by IC 28-6.1.(b) For purposes of a stock savings bank formed under this chapter, references in IC 28-6.1 to formation and operation by a board means:(1) formation by conversion under this chapter; and(2) operation by a board of directors elected by shareholders under IC 28-13.(c) IC 28-6.1-3 does not apply to a stock savings bank formed under this chapter.As added by P.L.42-1993, SEC.43.
IN Code § 28-1-21.8-17 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.8. Charter Conversion of a Mutual or Stock Savings Association to a Stock Savings Bank|28-1-21.8-17. Rules

Sec. 17. The department may adopt rules under IC 4-22-2 or policies to implement this chapter.As added by P.L.42-1993, SEC.43.
IN Code § 28-1-21.9-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-1. Charter Conversion

Sec. 1. As used in this chapter, "charter conversion" means the conversion of a savings bank to a stock savings bank, 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.42-1993, SEC.44. Amended by P.L.262-1995, SEC.36.
IN Code § 28-1-21.9-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-2. Conversion Plan

Sec. 2. As used in this chapter, "conversion plan" refers to the plan of charter conversion of a savings bank to a stock savings bank required by this chapter.As added by P.L.42-1993, SEC.44. Amended by P.L.262-1995, SEC.37.
IN Code § 28-1-21.9-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-3. Effective Time of the Charter Conversion

Sec. 3. As used in this chapter, "effective time of the charter conversion" means:(1) the date that articles of conversion are filed with the secretary of state; or(2) the date designated in the articles of conversion.As added by P.L.42-1993, SEC.44. Amended by P.L.122-1994, SEC.86.
IN Code § 28-1-21.9-5.1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-5.1. 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 (as defined in IC 28-15-1-11); 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.69.
IN Code § 28-1-21.9-5.5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-5.5. Savings Bank

Sec. 5.5. As used in this chapter, "savings bank" has the meaning set forth in IC 28-6.1-2-6.As added by P.L.262-1995, SEC.38.
IN Code § 28-1-21.9-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-6. Stock Savings Bank

Sec. 6. As used in this chapter, "stock savings bank" means a savings bank that is:(1) owned by holders of capital stock; and(2) formed by conversion under this chapter.As added by P.L.42-1993, SEC.44. Amended by P.L.262-1995, SEC.39.
IN Code § 28-1-21.9-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-7. Voting Parties

Sec. 7. As used in this chapter, "voting parties" means the:(1) depositors; and(2) borrowers;of a savings bank.As added by P.L.42-1993, SEC.44. Amended by P.L.262-1995, SEC.40.
IN Code § 28-1-21.9-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-8. Conversion to Stock Savings Banks

Sec. 8. With the approval of the department, a savings bank may convert its charter under this chapter.As added by P.L.42-1993, SEC.44. Amended by P.L.262-1995, SEC.41.
IN Code § 28-1-21.9-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-9. Conversion 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 bank 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 shall stipulate the manner of distribution of stock.(2) The conversion plan must be adopted by not less than a majority of the board of directors of the savings bank.(3) Upon approval of a plan of charter conversion by the board of directors of the savings bank, 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 shall be conditioned upon the approval of not less than 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 bank 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 primary federal regulator's regulations relating to proxy statements governed by Section 14 of the Securities Exchange Act of 1934 (15 U.S.C. 78n).(5) The savings bank shall provide to the department the additional relevant information requested by the department in connection with the conversion plan.As added by P.L.42-1993, SEC.44. Amended by P.L.262-1995, SEC.42; P.L.27-2012, SEC.70.
IN Code § 28-1-21.9-9.5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-9.5. Voting Rights

Sec. 9.5. The voting parties of a savings bank have the voting rights set forth in IC 28-13-6-2 with respect to a charter conversion of the savings bank under this chapter.As added by P.L.262-1995, SEC.43.
IN Code § 28-1-21.9-10 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-10. Approval or Disapproval of Conversion Plans by Department; Hearings; Solicitation of Votes

Sec. 10. (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 bank receives approval of the department, if the director of the department has reviewed the proxy solicitation material and has notified the savings bank in writing that the department does not object to use of the material.As added by P.L.42-1993, SEC.44. Amended by P.L.262-1995, SEC.44.
IN Code § 28-1-21.9-11 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-11. Conditions for Approval of Conversion Plans

Sec. 11. 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 bank will operate in a safe, sound, and prudent manner.(2) That the proposed charter conversion will not result in a stock savings bank that has inadequate capital, unsatisfactory management, or poor earnings prospects.(3) That the management or other principals of the savings bank are qualified by character and financial responsibility to control and operate in a legal and proper manner the proposed stock savings bank.(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.42-1993, SEC.44. Amended by P.L.262-1995, SEC.45.
IN Code § 28-1-21.9-12 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-12. Rights and Obligations of Converted Stock Savings Banks

Sec. 12. At the effective time of the charter conversion, the resulting stock savings bank:(1) possesses all of the rights, privileges, immunities, and powers of a stock savings bank;(2) unless otherwise provided in this chapter, is subject to all of the statutes, regulations, duties, restrictions, obligations, and liabilities of a stock savings bank;(3) succeeds by operation of law to all rights and property of the converting savings bank; and(4) is subject to all debts, obligations, and liabilities of the converting savings bank as if the stock savings bank had incurred the debts and liabilities.As added by P.L.42-1993, SEC.44. Amended by P.L.262-1995, SEC.46.
IN Code § 28-1-21.9-13 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-13. Transitional Period

Sec. 13. The department may authorize the resulting stock savings bank to do the following:(1) Wind up any activities legally engaged in by the savings bank at the effective time of the charter conversion not permitted to stock savings banks.(2) Retain for a transitional period any assets legally held by the savings bank at the effective time of the charter conversion that otherwise may not be held by stock savings banks.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.42-1993, SEC.44. Amended by P.L.262-1995, SEC.47.
IN Code § 28-1-21.9-14 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-14. Retention of Branches

Sec. 14. Notwithstanding IC 28-6.1-12, a stock savings bank created by charter conversion may retain all branches lawfully established.As added by P.L.42-1993, SEC.44.
IN Code § 28-1-21.9-15 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-15. Articles of Charter Conversion

Sec. 15. (a) To effect the charter conversion, the converting savings bank must file with the secretary of state articles of charter conversion showing the approval of the director of the department.(b) The converting savings bank shall record copies of the articles of charter conversion with the county recorder of the county where the principal office of the stock savings bank 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.42-1993, SEC.44. Amended by P.L.262-1995, SEC.48.
IN Code § 28-1-21.9-16 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-16. Application of Banking Law

Sec. 16. (a) Except as provided in subsection (c), a stock savings bank formed under this chapter is governed by IC 28-6.1.(b) For purposes of a stock savings bank formed under this chapter, a reference in IC 28-6.1 to formation and operation by a board means:(1) formation by conversion under this chapter; and(2) operation by a board of directors elected by shareholders under IC 28-13.(c) IC 28-6.1-3 does not apply to a stock savings bank formed by conversion under this chapter.As added by P.L.42-1993, SEC.44.
IN Code § 28-1-21.9-17 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank|28-1-21.9-17. Rules

Sec. 17. The department may adopt rules under IC 4-22-2 or policies to implement this chapter.As added by P.L.42-1993, SEC.44.
IN Code § 28-1-22-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 22. Foreign Corporations|28-1-22-1. Necessity of Certificate of Admission

Sec. 1. (a) Any bank, savings bank, trust company, corporate fiduciary, credit union, industrial loan and investment company, or savings association that:(1) is organized under the laws of:(A) any other state (as defined in IC 28-2-17-19);(B) the United States; or(C) any other country;(2) is not domiciled in Indiana; and(3) is referred to in this chapter as a corporation or foreign corporation;shall, before transacting business in this state, obtain a certificate of admission to this state from the department, which must be filed with the secretary of state. A corporation may not do business in Indiana unless a certificate of admission is issued to the corporation by the department.(b) The activities listed in IC 23-0.5-5-5(a) do not constitute transacting business within the meaning of subsection (a). For the purposes of this section, the list of activities set forth in IC 23-0.5-5-5(a) is not exhaustive.(c) Isolated business transactions that are not regular, systematic, or continuing do not constitute the transaction of business under subsection (a).Formerly: Acts 1933, c.40, s.324. As amended by P.L.263-1985, SEC.84; P.L.262-1995, SEC.49; P.L.171-1996, SEC.8; P.L.192-1997, SEC.5; P.L.213-2007, SEC.43; P.L.217-2007, SEC.41; P.L.118-2017, SEC.123.
IN Code § 28-1-22-1.5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 22. Foreign Corporations|28-1-22-1.5. Corporations Domiciled in Indiana; Authority to File Notice of Registered Office and Registered Agent With Secretary of State

Sec. 1.5. (a) As used in this section, "eligible entity" means a bank, savings bank, trust company, corporate fiduciary, credit union, industrial loan and investment company, or savings association that:(1) is organized under the laws of:(A) any other state (as defined in IC 28-2-17-19);(B) the United States; or(C) any other country; and(2) is domiciled in Indiana.(b) An eligible entity may file with the secretary of state a notice concerning the eligible entity's:(1) registered office; and(2) registered agent;in accordance with IC 23-0.5-4.As added by P.L.186-2015, SEC.31. Amended by P.L.118-2017, SEC.124.