Reorganization as federal mutual holding company; approval of department and primary federal regulator; required transactions

Ind. Code § 28-6.2-2-1.5
in effect
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Sec. 1.5. (a) As used in this section, "primary federal regulator" means the federal agency primarily responsible for the regulation of mutual holding companies (as defined in IC 28-6.2-1-12). (b) A mutual savings bank may, upon application to and with the approval by the department and the primary federal regulator, reorganize as a federal mutual holding company by undertaking a transaction or series of transactions substantially similar to those set forth in section 1 of this chapter. As added by P.L.90-2008, SEC.39. Amended by P.L.27-2012, SEC.91.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026

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