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Ind. Code § 28-1-21.7-3

"Mutual bank"

Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective

Banking, Finance & Insurance
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Ind. Code § 28-1-21.7-3, "Mutual bank", Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1665792
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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.