1. (a) To effect the conversion, the converting savings bank must file articles of conversion showing the department's approval of the conversion with the following:

   1. (1) The secretary of state.
   2. (2) The county recorder of the county in which the principal office of the savings bank is located.

2. (b) The articles of conversion:

   1. (1) must set forth the elements required by IC 28-12-2-1 ; and
   2. (2) constitute the articles of incorporation of the new state bank or savings and loan association.

As added by P.L.42-1993, SEC.72.