The provided legal document content pertains to the conversion of a mutual savings association into a credit union as governed by the Indiana Code. The document outlines the definitions of key terms such as ‘conversion plan’, ‘credit union’, ’effective time of the conversion’, ‘mutual savings association’, and ‘voting parties’. It specifies that a mutual savings association may convert into a credit union with the approval of the Department of Financial Institutions.

This legal document governs the procedures for charter conversion of a mutual savings bank into a credit union in Indiana. It applies to mutual savings banks that wish to convert into a credit union, with an exemption for the conversion of a mutual savings bank into a federally chartered credit union. The procedures prescribed by the Department of Financial Institutions include the preparation and submission of a conversion plan by the mutual savings bank, adoption of the conversion plan by the board of directors, submission of the plan and resolution to the department for approval, and obtaining the approval of the majority of voting parties.

The provided legal document content is governed by the Indiana Code, specifically the section related to Banks, Trust Companies, and Building and Loan Associations Generally. It covers the corporate capacity and authority of corporations, stating that corporations have the capacity to act like a natural person but can only perform acts necessary, convenient, or expedient for their purposes and not repugnant to law. The document also lists the general rights, powers, and privileges of corporations, including the ability to continue as a corporation, sue and be sued, acquire and dispose of property, borrow money, conduct business, appoint officers and agents, make bylaws, and dissolve.

The provided legal document content pertains to the merger and consolidation of banks, trust companies, and building and loan associations in Indiana. It outlines the process and requirements for merging or consolidating financial institutions, including the approval of the Department of Financial Institutions. The document specifies that the approval of the department is not required if the surviving corporation is organized under the laws of the United States or a state other than Indiana.

This legal document, found in the Indiana Code under the Department of Financial Institutions, pertains to the eligibility and conditions for a voluntary supervisory conversion of depository financial institutions with mutual ownership. The director has the authority to determine if the conversion satisfies certain conditions. These conditions include: (1) the institution being significantly undercapitalized or undercapitalized with a standard conversion to stock form not being feasible, and the converted institution or resulting entities being likely to be viable; (2) severe financial conditions threatening the stability of the institution, and a voluntary supervisory conversion to stock form likely improving the financial condition of the institution or resulting in entities with improved financial condition; or (3) the institution being in receivership or conservatorship, or in imminent danger of it, and the voluntary supervisory conversion enabling the termination or avoidance of receivership or conservatorship.

This legal document, governed by the Indiana Code, specifically under the section related to the formation of certain bank holding companies, outlines the requirements and procedures for the acquisition of bank, trust company, corporate fiduciary, or stock savings bank by a holding company under a plan of exchange. The document covers various aspects such as the approval process, filing requirements, public hearing, dissenting shareholders’ rights, and the preparation of articles of exchange.

The provided legal document content pertains to the sale, lease, exchange, or other disposition of property and assets of various financial institutions, including banks, trust companies, corporate fiduciaries, savings banks, savings associations, industrial loan and investment companies, and credit unions. The document defines the term ‘corporation’ to include these entities. It also clarifies that the term ‘shareholder’ refers to a member of a mutual savings bank, mutual savings association, or credit union.

These legal documents, governed by the Indiana Code, specifically address the voluntary dissolution of banks, trust companies, and building and loan associations. They outline the authority, procedures, and requirements for surrendering the certificate of incorporation, conducting a vote of shareholders, obtaining approval from the Department of Financial Institutions, appointing a liquidating agent, disposing of assets, paying debts and liabilities, distributing remaining assets, and filing articles of dissolution. The documents also cover the disposition of trust and fiduciary property, the assertion of claims by creditors and shareholders, and the treatment of unclaimed property.

This legal document, specified under Section 13.5 of the Indiana Code, pertains to the Department of Financial Institutions. It grants the department the authority to accept payments by credit card, debit card, charge card, or similar methods for various fees and penalties established by the department. The liability for such payments is not discharged until the department receives payment or credit from the responsible institution. Additionally, the department is authorized to contract with a bank or credit card vendor for accepting bank or credit cards.

The provided legal document content pertains to the incorporation and formation of banks, trust companies, and building and loan associations in Indiana. It outlines the requirements for individuals to act as incorporators and the necessary steps to be followed, including the signing and acknowledgment of articles of incorporation before a notary public. The document also specifies the information that must be included in the articles of incorporation, such as the corporate name, authorized shares, principal office address, names and addresses of incorporators and initial directors, and the purpose of the corporation.