IC 28-15-14-6 : Organization of new savings association; bylaws

Sec. 6. After the conversion of a federal savings association into a state chartered savings association under section 4 of this chapter, the organization of the savings association shall be completed in the manner provided by IC 28-12, except that bylaws for the savings association:

(1) may be adopted by the members of the federal association when the members adopt the resolution authorizing the conversion; and

(2) may become effective upon the issuance of the certificate of incorporation under section 4(g) of this chapter.

As added by P.L.193-1997, SEC.2. Amended by P.L.29-2022, SEC.21.