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Indiana Code Title 28. Financial Institutions § 28-6.1-18-7

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

Sec. 7. The department shall do the following:

(1) Immediately take charge of the business and assets of the savings bank.

(2) Give notice of:

(A) the department's orders directing the liquidation and dissolution of the savings bank;  and

(B) the appointment of the department's special representative;

by posting copies of the orders in a conspicuous place in the lobby of the savings bank and by one (1) publication of the notice in a newspaper of general circulation, printed in the English language and published in the county where the savings bank is located.  The department shall also file a copy of its order appointing a special representative in the court in which the order was filed under section 5 of this chapter.

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Cite this article: FindLaw.com - Indiana Code Title 28. Financial Institutions § 28-6.1-18-7 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-28-financial-institutions/in-code-sect-28-6-1-18-7/

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