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IC 28-1-8 – Sale of Banks, Trust Companies, and Building and Loan Associations | Midpage
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Indiana Code
Title 28
1
Chapter 8
IC 28-1-8
Sale of Banks, Trust Companies, and Building and Loan Associations
0.5
"Corporation"
0.7
"Shareholder"
1
Disposition of property and assets; authority; compliance with procedures
2
Resolution proposing sale or other disposition; submission to shareholders
3
Submission of resolution to department; conditions for approval; economic benefits to officers or directors
4
Submission to shareholders; vote required; exception for corporation in danger of insolvency
5
Dissenting shareholders; effective date of disposition; inapplicability to credit unions, mutual savings banks, and mutual savings associations
6
Purchase of assets; submission of resolution and application to department; factors for department's approval; exceptions to approval requirement