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Indiana Code

Chapter 9

IC 28-1-9

Voluntary Dissolution of Banks, Trust Companies, and Building and Loan Associations

1Surrender of corporate rights before commencement of business; certificate of incorporators 2Authority to liquidate and dissolve; resolution; submission to shareholders; vote required 3Examinations; departmental approval of liquidation 4Restrictions on dividends and business pending payment of debts and liabilities 5Liquidating agent; appointment; powers 6Liquidating agent; authority 7Trust and fiduciary property; disposition 8Petition of liquidating agent; statement of debts and liabilities; recommendations as to claims; suspension of creditor's right of action on claims 9Notice to creditors 10Creditor's petition asserting claim; priority or opposition to other claims; failure to appear; effect of liquidating agent's failure to petition 11Unclaimed distributive portions 12Authority to borrow 13Articles of dissolution; execution and filing; contents 14Articles of dissolution; presentation to department and to secretary of state 15Articles of dissolution; approval by department 16Certificate of incorporators or articles of dissolution; approval by secretary of state; filing; certificate of dissolution 17Certificate of incorporators or articles of dissolution; recording 18Termination of corporate existence; existing liabilities 19Expired corporations; continuation for purposes of liquidation 20Pending liquidations; acceptance of chapter