Approval of Liquidation and Dissolution Proceedings

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Savings Banks
  5. Liquidation and Dissolution of a Savings Bank Organized, Reorganized, or Operating Before January 1, 1993
  6. Approval of Liquidation and Dissolution Proceedings

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Sec. 10. If after hearing the matter, the court determines that it will be in the best interests of the depositors and other creditors of the savings bank to liquidate its affairs and dissolve, the liquidation may proceed.

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


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