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Indiana Code Title 28. Financial Institutions § 28-6.1-19-6

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

Sec. 6. (a) If the department approves the disposition under section 5 of this chapter, the two (2) copies of the resolution returned to the savings bank shall be submitted to the circuit court with jurisdiction in the county in which the savings bank is located.

(b) If, upon good cause shown by affidavit, the court is satisfied that the terms of the disposition are fair and in the best interests of the depositors and other creditors of the savings bank, the court shall:

(1) approve the disposition upon the terms and conditions set forth in the resolution;  and

(2) indicate the approval on both copies of the resolution submitted to the court.

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Cite this article: FindLaw.com - Indiana Code Title 28. Financial Institutions § 28-6.1-19-6 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-28-financial-institutions/in-code-sect-28-6-1-19-6/

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