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Indiana Code Title 28. Financial Institutions § 28-15-14-2

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 2. (a) If a savings association:

(1) merges with;

(2) consolidates with;  or

(3) is converted into;

a federal savings association, the savings association shall file with the secretary of state three (3) copies of a certificate executed by a duly constituted federal authority showing the merger, consolidation, or conversion.

(b) Upon the payment of the fees prescribed by law, the secretary of state shall:

(1) note the filing upon each of the copies;

(2) retain one (1) copy in the secretary's office;  and

(3) return two (2) copies to the association.

(c) One (1) of the copies returned to a savings association under subsection (b) shall be filed by the savings association with the department and the other copy shall be filed with the recorder of the county in which the principal office of the savings association is located.

(d) Upon completion of the filings required by this section, the savings association ceases to be a corporation under Indiana law, except as provided in section 4 of this chapter.

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Cite this article: FindLaw.com - Indiana Code Title 28. Financial Institutions § 28-15-14-2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-28-financial-institutions/in-code-sect-28-15-14-2/

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