Ind. Code § 28-6.1-18-7
Taking charge of business and assets by department; notice of departmental actions
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
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- Citation
- Ind. Code § 28-6.1-18-7, Taking charge of business and assets by department; notice of departmental actions, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1666432
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Full text
Sec. 7. The department shall do the following:
(1) Immediately take charge of the business and assets of the savings bank.
(2) Give notice of:
(A) the department's orders directing the liquidation and dissolution of the savings bank; and
(B) the appointment of the department's special representative;
by posting copies of the orders in a conspicuous place in the lobby of the savings bank and by one (1) publication of the notice in a newspaper of general circulation, printed in the English language and published in the county where the savings bank is located. The department shall also file a copy of its order appointing a special representative in the court in which the order was filed under section 5 of this chapter.