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Indiana Code

Chapter 3.1

IC 28-1-3.1

Liquidation of Financial Institutions

1Definitions 2Authority of department to take possession of business and property; conditions; duties of department 3Holding business and property until liquidation of affairs 4Notice; entry of cause; hearing; record; rights and liabilities of persons interested; Federal Deposit Insurance Corporation as receiver 5Receiver; appointment; vesting of title to all assets and right to terminate affairs of institution; liens or claims against property 6Receiver; authority 7Receiver's authority to sell assets; borrowing of money for deposit liabilities 8Claims; presentation; notice; rejection 9Late claims 10Repealed 10.1Payment of claims; order 11Rejection of executory contracts and leases 12Federal deposit insurance; payments of deposit liabilities; subrogation 13Successor to closed financial institution's fiduciary duties; appointment; powers and duties; notice of appointment to interested parties 14Personal property left in possession of closed financial institution; appearances, claims, and disposition 15Actions to enforce rights, demands, or claims vested in financial institution, shareholders, or creditors 16Articles of dissolution; contents; Federal Deposit Insurance Corporation as receiver; authority of department to act 17Articles of dissolution; execution; presentation; fee 18Articles of dissolution; duties of secretary of state 19Articles of dissolution; filing with county recorder 20Dissolution and cessation of existence 21Troubled or insolvent financial institutions; federal supervisory agencies; department's authority to approve transactions