"Mutual Bank"

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Department of Financial Institutions
  5. Charter Conversion of Mutual Savings Associations to Mutual Savings Banks
  6. "Mutual Bank"

Checkout our iOS App for a better way to browser and research.

Sec. 3. (a) As used in this chapter, "mutual bank" means a mutual savings bank governed by IC 28-6.1.

(b) A reference in IC 28-6.1 to formation and operation of a savings bank by a board means formation by conversion under this chapter and operation by a board of directors elected by members under IC 28-13.

(c) IC 28-6.1-3 does not apply to mutual banks formed by conversion under this chapter.

As added by P.L.147-1990, SEC.3. Amended by P.L.42-1993, SEC.39.


Download our app to see the most-to-date content.