reglab/housing_qa huggingface dataset:
IN Code § 28-6.1-12-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 12. Branches of Savings Banks|28-6.1-12-4. Establishment of Branches by Acquisition

Sec. 4. A branch by acquisition under this chapter involving one (1) or more savings banks formed after December 31, 1992, may be established under section 3 of this chapter by complying with IC 28-1-7 or IC 28-1-8 as if the savings bank (were a bank as defined in IC 28-1-1-3).As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-12-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 12. Branches of Savings Banks|28-6.1-12-5. Automated Teller Machines

Sec. 5. (a) A savings bank is entitled to open or establish an automated teller machine in any location within Indiana or as permitted by the laws of the state in which the automated teller machine is to be located.(b) An automated teller machine may be owned or operated individually by a savings bank or jointly on a cost sharing or fee basis.As added by P.L.42-1993, SEC.72. Amended by P.L.192-1997, SEC.15.
IN Code § 28-6.1-12-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 12. Branches of Savings Banks|28-6.1-12-6. Failure to Comply With Chapter

Sec. 6. A person who fails to comply with this chapter commits a Class A infraction.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-12-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 12. Branches of Savings Banks|28-6.1-12-7. Actions Against Savings Banks

Sec. 7. (a) A person, company, bank, or bank holding company that may be or has been injured by reason of any conduct that constitutes or will constitute a violation of this chapter by a savings bank may sue the savings bank to enjoin the conduct or for damages, together with the costs of suit, including reasonable attorney's fees.(b) The department may sue to enjoin any conduct that constitutes or will constitute a violation of this chapter, or to require divestiture of any bank acquired or branch established in violation of this chapter.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-12-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 12. Branches of Savings Banks|28-6.1-12-8. Rules

Sec. 8. The department may adopt rules under IC 4-22-2 to implement this chapter.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-13-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 13. Statement of Condition|28-6.1-13-1. Number of Statements Required

Sec. 1. The department may require every savings bank to prepare and submit to the department as many statements of condition as necessary in any year. The department may not require a savings bank to publish more than two (2) statements of condition under this chapter in any year.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-13-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 13. Statement of Condition|28-6.1-13-2. Designation of Forms, Notice, and Dates

Sec. 2. The statements of condition shall be verified and shall be prepared and submitted according to the forms and under the notice and on the dates as the department designates.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-13-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 13. Statement of Condition|28-6.1-13-3. Contents of Statements

Sec. 3. (a) The following items shall be shown in the statement of condition in detail and under appropriate headings, as of a day specified by the department in the department's notice:(1) The resources and liabilities of the savings bank, and except as provided in subdivision (2), excluding from the resources and liabilities all property held in trust.(2) The uninvested funds held in any fiduciary capacity. These uninvested funds shall be called "first lien trust funds".(3) Other information required by rules of the department.(b) The items enumerated in subsection (a)(2) shall be segregated from the statement of resources and liabilities of the savings bank under an appropriate title that will clearly designate the character and amount of the items.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-13-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 13. Statement of Condition|28-6.1-13-4. Publication of Statements

Sec. 4. (a) A savings bank shall, when required by the department, publish the savings bank's statement of condition in the form in which the statement of condition is required by the department as prescribed in this chapter.(b) The statement of condition shall be published in a newspaper printed and published in the city or town in which the savings bank has its principal office, if a newspaper is printed in that city or town. If a newspaper is not printed in that city or town, the savings bank shall publish the statement of condition in a newspaper printed and published in the city or town nearest to the city or town of the savings bank's principal office.(c) A statement of condition shall be published at the expense of the savings bank making the statement, and proof of publication shall be furnished the department in the form the department requires.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-13-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 13. Statement of Condition|28-6.1-13-5. Provision of Examination Copies and Information to Federal Entities

Sec. 5. (a) This section applies only to a statement of condition of a savings bank that is or may become a member of the federal reserve bank system, or whose deposits are or may become insured by the Federal Deposit Insurance Corporation.(b) The department may provide copies of an examination of a savings bank to any of the following:(1) The federal reserve board.(2) The federal reserve bank of which the savings bank is or may become a member.(3) The Federal Deposit Insurance Corporation.(4) An agency of the federal government similar to those described in subdivisions (1) through (3).(5) Duly appointed examiners of an entity described in subdivisions (1) through (4).(c) The department may disclose to examiners of an entity described in subsection (b)(1) through (b)(4) any information in reference to the condition of the affairs of a savings bank.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-13-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 13. Statement of Condition|28-6.1-13-6. Civil Penalties

Sec. 6. (a) A savings bank that does any of the following is subject to a civil penalty of one hundred dollars ($100) for each day that elapses after the date fixed by the department for compliance with the terms of the department's notice concerning statements of condition:(1) Fails to prepare and submit a statement of condition required by the department.(2) Violates an order of the department with respect to a statement of condition.(b) The penalty prescribed by this section may be recovered under IC 28-11-4.(c) A penalty recovered under this section shall be paid into the state general fund.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-14-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 14. Conversion of a Stock Savings Bank to a State Bank or to a Savings and Loan Association|28-6.1-14-1. Application of Chapter

Sec. 1. This chapter applies only to a stock savings bank formed as the result of a conversion under IC 28-1-21.8 or IC 28-1-21.9.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-14-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 14. Conversion of a Stock Savings Bank to a State Bank or to a Savings and Loan Association|28-6.1-14-2. Conversion; Approval of Department

Sec. 2. A stock savings bank may convert into a state bank or a savings association with the approval of the department.As added by P.L.42-1993, SEC.72. Amended by P.L.79-1998, SEC.74.
IN Code § 28-6.1-14-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 14. Conversion of a Stock Savings Bank to a State Bank or to a Savings and Loan Association|28-6.1-14-3. Conversion Procedure

Sec. 3. The department shall prescribe the procedure for conversion under this chapter. The procedure must include the following:(1) The board of the savings bank must propose a resolution of conversion.(2) The resolution of conversion must be adopted by the affirmative vote of at least a majority of the shareholders of the savings bank.(3) The savings bank must provide all relevant information relating to the conversion requested by the department.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-14-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 14. Conversion of a Stock Savings Bank to a State Bank or to a Savings and Loan Association|28-6.1-14-4. Articles of Conversion

Sec. 4. (a) To effect the conversion, the converting savings bank must file articles of conversion showing the department's approval of the conversion with the following:(1) The secretary of state.(2) The county recorder of the county in which the principal office of the savings bank is located.(b) The articles of conversion:(1) must set forth the elements required by IC 28-12-2-1; and(2) constitute the articles of incorporation of the new state bank or savings and loan association.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-14-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 14. Conversion of a Stock Savings Bank to a State Bank or to a Savings and Loan Association|28-6.1-14-5. Rights and Obligations Upon Conversion

Sec. 5. Upon conversion, the new state bank or new savings association:(1) has all the rights, privileges, immunities, and powers of a bank organized under IC 28-1 or a savings association organized under IC 28-4 (before its repeal) or under IC 28-15;(2) is subject to all the duties, restrictions, penalties, and liabilities of a bank organized under IC 28-1 or a savings association organized under IC 28-4 (before its repeal) or under IC 28-15; and(3) is governed by IC 28-13.As added by P.L.42-1993, SEC.72. Amended by P.L.79-1998, SEC.75.
IN Code § 28-6.1-15-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 15. Conversion of a Savings Bank to a Bank or Trust|28-6.1-15-1. Application of Chapter

Sec. 1. This chapter applies only to a savings bank organized, reorganized, or operating under IC 28-6 (before its repeal) before January 1, 1993.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-15-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 15. Conversion of a Savings Bank to a Bank or Trust|28-6.1-15-2. Effective Date of Conversion

Sec. 2. As used in this chapter, "effective date of conversion" refers to the date that the savings bank has complied with section 9 of this chapter.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-15-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 15. Conversion of a Savings Bank to a Bank or Trust|28-6.1-15-3. Conversion Permitted

Sec. 3. A savings bank may convert into a state bank or trust company under this chapter.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-15-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 15. Conversion of a Savings Bank to a Bank or Trust|28-6.1-15-4. Resolutions of Conversion

Sec. 4. (a) A conversion of a savings bank under this chapter must be proposed by the board of the savings bank by a resolution of conversion adopted by the affirmative vote of at least two-thirds (2/3) of the then qualified and acting trustees.(b) The resolution of conversion must include the following information:(1) The proposed articles of incorporation of the bank or trust company. The proposed articles of incorporation shall:(A) insofar as applicable, conform with the provisions of IC 28-12-2; and(B) set forth the following:(i) The plan of conversion.(ii) The manner in which the shares of the capital stock of the proposed bank or trust company will be subscribed for. The provisions of IC 28-12-11, IC 28-13-1, IC 28-13-2, and IC 28-13-3 are applicable with respect to the capital requirements and the par value and incidents of shares of capital stock of the proposed bank or trust company.(2) The proposed capital stock and surplus.(3) The proposed bylaws.(4) Other information required by the department.(c) The savings bank must submit to the department three (3) copies of the resolution of conversion, including the proposed articles of incorporation, certified by the president and attested by the secretary of the savings bank.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-15-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 15. Conversion of a Savings Bank to a Bank or Trust|28-6.1-15-6. Approval or Disapproval of Resolutions of Conversion by Department

Sec. 6. (a) The department shall approve or disapprove the resolution of conversion after first making examinations or investigations the department considers necessary to determine if the proposed conversion is fair and in the best interests of the depositors of the savings bank.(b) IC 28-1-2-23 and IC 28-11-5 do not apply to a determination under subsection (a).(c) If the department approves the resolution of conversion, the approval shall be evidenced in the manner prescribed in IC 28-12-5. The approval shall be indicated on the resolution.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-15-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 15. Conversion of a Savings Bank to a Bank or Trust|28-6.1-15-7. Notice to Depositors; Objections; Judicial Review

Sec. 7. (a) After the department has given approval to the resolution of conversion and has returned the resolution of conversion to the savings bank, the savings bank shall give notice of the proposed conversion, by mail, to each depositor of record as of the date of the resolution of conversion. Notice to a depositor shall be sent to the address of the depositor as shown by the records of the savings bank. Notice shall also be given by at least ten (10) consecutive days of publication in a newspaper of general circulation published in the county in which the savings bank is located.(b) After notice has been given under this section, a copy of the resolution of conversion shall be submitted to the circuit court, superior court, or probate court with jurisdiction in the county in which the savings bank is located.(c) A depositor of the savings bank aggrieved by the proposed conversion may, not more than twenty (20) days after submission of the resolution of conversion with the court file in the court a verified statement of objection to the proposed conversion. The matter shall be docketed upon the books of the court, and entitled "In the Matter of the Conversion of ___________ Savings Bank to __________" (inserting the names of the savings bank and the successor bank or trust company). The nature of an objection to the conversion is limited to the unfairness of the proposed conversion relative to the rights and interests of the objecting depositor. Without filing pleadings, the savings bank shall be considered to deny the objections.(d) After the twenty (20) day period for filing objections has expired, the court shall proceed as soon as possible to hear the evidence and determine the fairness of the proposed conversion relative to the individual rights and interests of all objecting depositors. The objecting depositors have the burden of proof.(e) If the court finds that the proposed conversion is fair with respect to the rights and interests of the objecting depositors, the court shall enter an order:(1) approving the conversion, subject only to the approval by the secretary of state of the articles of incorporation of the proposed bank or trust company; and(2) assessing the costs of the proceeding against the objectors.(f) If the court finds that the proposed conversion is not fair with respect to the rights and interests of the objecting depositors, the court shall enter an order:(1) enjoining the conversion; and(2) assessing the costs of the proceeding against the savings bank.As added by P.L.42-1993, SEC.72. Amended by P.L.84-2016, SEC.126.
IN Code § 28-6.1-15-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 15. Conversion of a Savings Bank to a Bank or Trust|28-6.1-15-8. Approval of Articles of Incorporation by Secretary of State

Sec. 8. (a) If the conversion is approved under section 7 of this chapter and if the capital stock of the bank or trust company has been fully subscribed, the trustees of the savings bank shall submit three (3) copies of the articles of incorporation of the bank or trust company with the department's approval indicated on the articles to the secretary of state.(b) If the secretary of state finds that the articles of incorporation conform to law, the secretary of state shall, after all fees have been paid as required by law:(1) indicate approval on the articles;(2) keep one (1) copy of the articles for filing; and(3) send the trustees a certificate of incorporation and two (2) copies of the articles of incorporation bearing the indicated approval of the secretary of state.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-15-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 15. Conversion of a Savings Bank to a Bank or Trust|28-6.1-15-9. Prerequisites to Doing Business

Sec. 9. (a) Except as is incidental to its conversion or to obtaining payment for shares of its capital stock, the bank or trust company may not exercise any new power, right, or authority conferred by its conversion, transact any business, or incur any indebtedness, until both of the following occur:(1) One (1) of the copies of the articles of incorporation with the indicated approval of the secretary of state has been filed with the county recorder of the county in which the principal office of the bank or trust company is located.(2) The amount of the capital stock of the bank or trust company has been fully paid in.(b) If the bank or trust company violates this section, its officers and directors are severally liable for any debts or liabilities of the bank or trust company arising from the violation.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-15-10 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 15. Conversion of a Savings Bank to a Bank or Trust|28-6.1-15-10. Effect of Conversions

Sec. 10. (a) On the effective date of conversion, the existence of the savings bank ceases and the existence of the bank or trust company begins.(b) On the effective date of conversion, the following apply:(1) All subscriptions to shares of the capital stock of the bank or trust company previously received are considered accepted by the bank or trust company, and the subscribers for those shares, or their assigns, are considered to be shareholders of the bank or trust company.(2) All property, all debts due on whatever account, all choses in action, and every other interest of or belonging to the converted savings bank are considered transferred to and vested in the bank or trust company without further act or deed.(3) The bank or trust company shall be responsible and liable for the liabilities and obligations of the converted savings bank. An existing claim, an action, or a proceeding pending by or against the converted savings bank may be prosecuted to judgment as if conversion had not taken place or the bank or trust company may be substituted in the savings bank's place.(4) The new bank or trust company has all the rights, privileges, immunities, and powers and, except as provided in this chapter, is subject to all the duties, restrictions, penalties, and liabilities of a bank or trust company organized under IC 28-1.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-15-11 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 15. Conversion of a Savings Bank to a Bank or Trust|28-6.1-15-11. Continued Service of Boards

Sec. 11. The board of the savings bank shall serve as the board of directors of the bank or trust company until the first annual meeting of the shareholders.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-15-12 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 15. Conversion of a Savings Bank to a Bank or Trust|28-6.1-15-12. Conformation to Limitations

Sec. 12. (a) Subject to subsection (b), a bank or trust company formed under this chapter shall, within three (3) years from its date of conversion, conform to the limitations prescribed by IC 28-1-13.(b) The department may extend the time for the new bank or trust company to conform to the limitations prescribed by IC 28-1-13 if the interest of the depositors will be protected and served by an extension.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-15-13 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 15. Conversion of a Savings Bank to a Bank or Trust|28-6.1-15-13. Powers and Duties of Department

Sec. 13. This chapter does not limit the powers or duties of the department under IC 28-1.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-16-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 16. Conversion of a Savings Bank to a Savings and Loan Association|28-6.1-16-1. Application of Chapter

Sec. 1. This chapter applies only to the following:(1) A savings bank organized, reorganized, or operating under IC 28-6 (before its repeal) before July 1, 1993.(2) A mutual savings bank.(3) A stock savings bank.As added by P.L.42-1993, SEC.72. Amended by P.L.122-1994, SEC.99.
IN Code § 28-6.1-16-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 16. Conversion of a Savings Bank to a Savings and Loan Association|28-6.1-16-2. Department Approval of Conversion to Savings Association

Sec. 2. (a) With the approval of the department, a savings bank may convert into a savings association.(b) Nothing in this title prohibits a savings bank organized under the laws of Indiana from converting to a savings association or a savings bank organized or reorganized under the laws of the United States. Conversion to a savings association or a savings bank organized under the laws of the United States does not require the approval of the department.As added by P.L.42-1993, SEC.72. Amended by P.L.122-1994, SEC.100; P.L.262-1995, SEC.68; P.L.79-1998, SEC.76.
IN Code § 28-6.1-16-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 16. Conversion of a Savings Bank to a Savings and Loan Association|28-6.1-16-3. Conversion Procedure

Sec. 3. The department shall prescribe the procedure for conversion under this chapter. The procedure must include the following conditions:(1) The conversion must be proposed by the board of the savings bank in a resolution of conversion.(2) The resolution of conversion must be adopted by an affirmative vote of at least two-thirds (2/3) of the board members.(3) The savings bank must provide all relevant information requested by the department in connection with the conversion.As added by P.L.42-1993, SEC.72.
IN Code § 28-6.1-16-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.1. Savings Banks|Chapter 16. Conversion of a Savings Bank to a Savings and Loan Association|28-6.1-16-4. Rights and Obligations Upon Conversion

Sec. 4. Upon conversion, the new savings association has all the rights, privileges, immunities, and powers and, except as provided in this chapter, is subject to all the duties, restrictions, penalties, and liabilities of a savings association organized under IC 28-4 (before its repeal) or under IC 28-15.As added by P.L.42-1993, SEC.72. Amended by P.L.79-1998, SEC.77.