reglab/housing_qa huggingface dataset:
IN Code § 28-6.2-1-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-2. "Acquiree Savings Bank" Defined

Sec. 2. "Acquiree savings bank" means any savings bank other than a resulting savings bank that:(1) is acquired by a mutual holding company as part of, and concurrently with, a mutual holding company reorganization; and(2) is in the mutual form immediately before the acquisition.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-3. "Acting in Concert" Defined

Sec. 3. (a) "Acting in concert" means:(1) knowing participation in a joint activity or interdependent conscious parallel action towards a common goal, whether or not under an express agreement; or(2) a combination of pooling of voting or other interests in the securities of an issuer for a common purpose pursuant to any contract, understanding, relationship, agreement, or other arrangement, whether written or otherwise.(b) A person or company that acts in concert with another person or company is acting in concert with any person or company who is also acting in concert with that other party, except that:(1) an employee stock benefit plan is not acting in concert with its trustee or a person who serves in a similar capacity solely for the purpose of determining whether stock held by the trustee and stock held by the plan will be aggregated; and(2) no officer or director of a savings bank or savings bank affiliate is acting in concert with any other officer or director of the savings bank or affiliate by reason of the service of the officer or director in those capacities.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-4. "Affiliate" Defined

Sec. 4. "Affiliate" means a person that, directly or indirectly, through one (1) or more intermediaries:(1) controls;(2) is controlled by; or(3) is under common control with;another person.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-5. "Associate" Defined

Sec. 5. "Associate", when indicating a relationship between persons, means:(1) any corporation or organization, other than the applicant or a majority-owned subsidiary of the applicant, of which the person:(A) is an officer or a partner; or(B) is directly or indirectly the beneficial owner of ten percent (10%) or more of any class of equity securities;(2) any trust or other estate:(A) in which the person has a substantial beneficial interest; or(B) for which the person serves as trustee or in a similar fiduciary capacity;however, the term does not apply to any employee stock benefit plan in which the person has a substantial beneficial interest or serves as a trustee or in a similar fiduciary capacity; and(3) any relative or spouse of the natural person, or any relative of the spouse, who:(A) has the same home as the person; or(B) is a director or an officer of the applicant or of any of the applicant's parent organizations or subsidiaries.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-6. "Company" Defined

Sec. 6. (a) "Company" means:(1) any corporation, partnership, business trust, joint venture, association, or similar organization; or(2) any other trust, unless by its terms it must terminate:(A) within twenty-five (25) years; or(B) not later than twenty-one (21) years and ten (10) months after the death of any individual living on the effective date of the trust.(b) As used in subsection (a)(1), "similar organization" means a combination of parties with the potential for or practical likelihood of a continuing rather than temporary existence, in which the parties have knowingly and voluntarily associated for a common purpose in identifiable and binding relationships that govern the parties with respect to either:(1) the transferability and voting rights concerning any stock or other indicia of participation in another entity; or(2) the achievement of a common or shared objective, such as to collectively manage or control another entity.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-7. "Control" Defined

Sec. 7. (a) "Control" of a savings bank means:(1) controlling, owning, or having the power to vote, directly or indirectly, or acting through one (1) or more persons, twenty-five percent (25%) or more of any class of voting securities of the savings bank; or(2) in any manner controlling the election of a majority of the directors of the savings bank.(b) "Control" of a savings bank also exists if the department determines, after notice and opportunity for hearing, that a person directly or indirectly exercises a controlling influence over the management or policies of the savings bank.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-8. "Default" Defined

Sec. 8. As used in this chapter, "default" means any adjudication or other official determination of a court or other public authority under which a conservator, receiver, or other legal custodian is appointed for a mutual holding company or savings bank subsidiary of a mutual holding company.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-9. "Director" Defined

Sec. 9. As used in this chapter, "director" refers to the director of the department of financial institutions.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-10 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-10. "Fdic" Defined

Sec. 10. As used in this chapter, "FDIC" refers to the federal deposit insurance corporation.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-10.1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-10.1. "Federal Mutual Holding Company" Defined

Sec. 10.1. "Federal mutual holding company" means a mutual savings bank holding company that:(1) is organized or reorganized under the laws of the United States;(2) is regulated by the Office of Thrift Supervision or its successor; and(3) has control over a savings bank.As added by P.L.90-2008, SEC.38.
IN Code § 28-6.2-1-11 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-11. "Member" Defined

Sec. 11. As used in this chapter, "member" means any depositor or borrower of a savings bank subsidiary of a mutual holding company that is entitled, under a statute or the articles of incorporation or bylaws of the mutual holding company, to vote on matters affecting the mutual holding company.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-12 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-12. "Mutual Holding Company"

Sec. 12. As used in this chapter, "mutual holding company" means a mutual savings bank holding company that:(1) is:(A) organized under IC 28-6.2-2 or converted under IC 28-6.2-7-6; or(B) organized under the laws of any other state or the United States; and(2) has control over:(A) any savings bank; or(B) any company that is or becomes a mutual holding company under this article.As added by P.L.122-1994, SEC.101. Amended by P.L.27-2012, SEC.90.
IN Code § 28-6.2-1-13 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-13. "Mutual Savings Bank" Defined

Sec. 13. "Mutual savings bank" means a financial institution:(1) defined in IC 28-6.1-2-5; or(2) organized, reorganized, or operating before January 1, 1993, under IC 28-6 (before its repeal).As added by P.L.122-1994, SEC.101. Amended by P.L.11-1998, SEC.12.
IN Code § 28-6.2-1-14 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-14. "Parent" Defined

Sec. 14. "Parent", when describing the relationship between two (2) companies, means the company that controls the other company, either directly or indirectly, through one (1) or more subsidiaries.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-15 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-15. "Person" Defined

Sec. 15. "Person" means an individual or company.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-16 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-16. "Reorganization Plan" Defined

Sec. 16. "Reorganization plan" means a plan to reorganize into the mutual holding company.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-17 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-17. "Reorganizing Savings Bank" Defined

Sec. 17. "Reorganizing savings bank" means a mutual savings bank that proposes to reorganize into a mutual holding company under this chapter.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-18 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-18. "Resulting Savings Bank" Defined

Sec. 18. "Resulting savings bank" means a stock savings bank that is organized as a subsidiary of a reorganizing savings bank to receive a substantial part of the assets and liabilities, including all deposit accounts, of the reorganizing savings bank upon consummation of the reorganization.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-19 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-19. "Savings Association" Defined

Sec. 19. (a) As used in this chapter, "savings association" means a savings association (as defined in 12 U.S.C. 1813(3)(b)(1)) the deposits of which are insured by the FDIC.(b) The term includes:(1) a federal savings association;(2) a federal savings bank; and(3) a savings association organized and operating under the laws of the state in which it is organized.As added by P.L.122-1994, SEC.101. Amended by P.L.79-1998, SEC.78.
IN Code § 28-6.2-1-20 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-20. "Stock" Defined

Sec. 20. (a) "Stock" means the units into which the proprietary interests of a savings bank are divided.(b) The term includes:(1) common or preferred stock;(2) any other type of equity security;(3) warrants or options to acquire common or preferred stock; and(4) other securities that are convertible into common or preferred stock.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-21 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-21. "Stock Benefit Plan" Defined

Sec. 21. "Stock benefit plan" means any defined benefit plan or defined contribution plan. The term includes:(1) an employee stock ownership plan;(2) a stock bonus plan;(3) a profit-sharing plan; or(4) any other plan of a mutual holding company or any of its subsidiaries or affiliates;whether or not the plan, with its related trust, meets the qualifying requirements under section 401 of the Internal Revenue Code.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-22 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-22. "Stock Issuance Plan" Defined

Sec. 22. "Stock issuance plan" means a plan submitted under IC 28-6.2-3 providing for the issuance of stock by a savings bank subsidiary of a mutual holding company.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-23 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-23. "Stock Savings Bank" Defined

Sec. 23. "Stock savings bank" has the meaning set forth in IC 28-6.1-2-7.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-24 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-24. "Subsidiary" Defined

Sec. 24. "Subsidiary" means a company controlled either directly or indirectly by another company.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-1-25 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 1. Definitions|28-6.2-1-25. "Voting Parties" Defined

Sec. 25. As used in this chapter, "voting parties" means the:(1) depositors; and(2) borrowers;of a mutual savings bank.As added by P.L.11-1998, SEC.13.
IN Code § 28-6.2-2-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company|28-6.2-2-1. Procedures for Reorganization

Sec. 1. A mutual savings bank may, upon application to and approval by the department, reorganize as a mutual holding company by:(1) organizing one (1) or more subsidiary stock savings banks, the ownership of which shall be evidenced by shares of stock to be owned by the reorganizing parent savings bank and transferring a substantial portion of its assets and all of the insured deposits and part or all of its other liabilities to one (1) or more subsidiary savings banks; or(2) organizing a first tier subsidiary stock savings bank and causing that subsidiary to organize a second tier subsidiary stock savings bank and transferring, by merger of the reorganizing savings bank with the second tier subsidiary, a substantial portion of its assets, all of its insured deposits and part or all of its other liabilities to the resulting savings bank at which time the first tier subsidiary stock savings bank becomes a mutual holding company.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-2-1.5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company|28-6.2-2-1.5. Reorganization as Federal Mutual Holding Company; Approval of Department and Primary Federal Regulator; Required Transactions

Sec. 1.5. (a) As used in this section, "primary federal regulator" means the federal agency primarily responsible for the regulation of mutual holding companies (as defined in IC 28-6.2-1-12).(b) A mutual savings bank may, upon application to and with the approval by the department and the primary federal regulator, reorganize as a federal mutual holding company by undertaking a transaction or series of transactions substantially similar to those set forth in section 1 of this chapter.As added by P.L.90-2008, SEC.39. Amended by P.L.27-2012, SEC.91.
IN Code § 28-6.2-2-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company|28-6.2-2-2. Prerequisites to Reorganization

Sec. 2. Before reorganizing into a mutual holding company, a reorganizing savings bank shall do the following:(1) Obtain approval of a reorganization plan by a majority of the board of directors of the reorganizing savings bank.(2) File the reorganization plan with the department.(3) Obtain approval of a reorganization plan by an affirmative vote of a majority of the voting members of the reorganizing savings bank and any acquiree savings bank, at a regular or special meeting of the members.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-2-2.5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company|28-6.2-2-2.5. Voting Rights of Voting Parties

Sec. 2.5. The voting parties of a reorganizing mutual savings bank have the voting rights set forth in IC 28-13-6-2 with respect to a reorganization of a mutual savings bank under this chapter.As added by P.L.11-1998, SEC.14.
IN Code § 28-6.2-2-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company|28-6.2-2-3. Approval or Disapproval of Reorganization Plan; Conditional Approval

Sec. 3. (a) Upon receipt of an application for a mutual holding company reorganization under this article, the department may:(1) accept the application for processing;(2) request additional information to complete the application; or(3) return the application if it is substantially incomplete.(b) A proposed reorganization plan must be approved or disapproved by the department within ninety (90) days of its acceptance by the department and, if approved, may be subject to any conditions the department determines necessary.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-2-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company|28-6.2-2-4. Grounds for Disapproving Reorganization Plan Application

Sec. 4. The department may disapprove an application for a mutual holding company reorganization plan if any of the following applies:(1) The reorganization would result in unsafe or unsound practices, or an unsafe or unsound financial institution.(2) The applicant has not demonstrated that the reorganization plan is fair to the members of the reorganizing savings bank.(3) The reorganization plan does not protect the interests of the deposit account holders of the reorganizing savings bank.(4) The financial or managerial resources of the reorganizing savings bank or any acquiree savings bank warrant disapproval.(5) The mutual holding company or any savings bank subsidiary would have inadequate capital.(6) A stock issuance proposed in connection with the mutual holding company reorganization plan fails to meet the standards established by the department.(7) The reorganizing savings bank or any acquiree savings bank fails to furnish:(A) information required in the reorganization plan; or(B) any other information requested by the director regarding the proposed reorganization plan.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-2-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company|28-6.2-2-5. Requirements for Approval of Reorganization Plan Application

Sec. 5. (a) The department may not approve an application for a mutual holding company reorganization unless the department finds, after an appropriate investigation or examination, that the following requirements have been satisfied:(1) That the reorganizing savings bank and any acquiree savings bank will operate in a safe, sound, and prudent manner.(2) That the proposed reorganization will not result in a reorganizing savings bank or any acquiree savings bank that has inadequate capital, unsatisfactory management, or poor earnings prospects.(3) That the management or other principals of the mutual holding company are qualified by character and financial responsibility to control and operate in a legal and proper manner the mutual holding company that would result from the execution of the reorganization plan.(4) That the interests of the depositors and creditors and of the public in general will not be jeopardized by the proposed reorganization of the savings bank into a mutual holding company.(b) The department may conduct a public hearing to determine if the requirements of this section have been satisfied.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-2-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company|28-6.2-2-6. Articles of Reorganization; Filing

Sec. 6. After a mutual holding company reorganization plan is approved by the department, the person applying for a mutual holding company reorganization must file articles of reorganization under IC 28-6.2-4, to effect the reorganization.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-2-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company|28-6.2-2-7. Membership Rights

Sec. 7. A mutual holding company that acquires a stock savings bank other than a resulting savings bank or an acquiree savings bank shall not confer any membership rights upon the depositors or borrowers of that savings bank, unless the savings bank is merged into a mutual savings bank from which the mutual holding company draws members, in which case the depositors of the stock savings bank shall receive the same membership rights as other depositors of the savings bank into which the stock savings bank is merged.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-2-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company|28-6.2-2-8. Reorganization Plan Requirements

Sec. 8. Each reorganization plan must:(1) contain a description of all significant terms of the proposed reorganization;(2) include as an attachment and incorporate the following:(A) Any proposed stock issuance plan.(B) An opinion of counsel or a ruling from the federal Internal Revenue Service and the department of state revenue as to the federal and state tax treatment of the proposed reorganization.(C) A copy of the proposed articles of reorganization and bylaws of the resulting savings bank.(D) A description of the method of reorganization under this chapter.(E) A statement that, upon consummation of the reorganization, certain assets and liabilities, including all deposit accounts of the reorganizing savings bank, shall be transferred to the resulting savings bank, which shall immediately become a savings bank subsidiary of the mutual holding company.(F) A copy of any stock issuance plan that is proposed as part of the reorganization plan.(G) A summary of the expenses to be incurred in connection with the reorganization.As added by P.L.122-1994, SEC.101.
IN Code § 28-6.2-2-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 6.2. Mutual Savings Bank Holding Companies|Chapter 2. Reorganizing as a Mutual Savings Bank Holding Company|28-6.2-2-9. Transfer of Assets, Rights, Obligations, and Liabilities

Sec. 9. All assets, rights, obligations, and liabilities of a reorganizing savings bank that are not expressly retained by the mutual holding company shall be transferred to the resulting savings bank.As added by P.L.122-1994, SEC.101.