Indiana § 28-12-11-3 - Requirements for savings associations organized or recognized under this title
Full text of Indiana Indiana Code § 28-12-11-3 — Requirements for savings associations organized or recognized under this title, with citation guidance and answers to common questions.
§ 28-12-11-3. Requirements for savings associations organized or recognized under this title
Sec. 3. The department shall determine the capital stock requirements of a savings association organized or reorganized under this title after giving consideration to the following:
(1) In the case of a proposed new savings association, the potential deposit liability anticipated.
(2) In the case of a savings association to be reorganized, the existing deposit liability.
As added by P.L.42-1993, SEC.92. Amended by P.L.79-1998, SEC.88.
IC 28-13ARTICLE 13. CORPORATE GOVERNANCE
Ch. 1.Shares Generally Ch. 2.Issuance of Shares Ch. 3.Preemptive Rights─Reacquisition and Reissue of Shares Ch. 4.Dividends and Other Distributions Ch. 5.Meetings of Shareholders Ch. 6.Voting by Shareholders Ch. 7.Voting Trusts and Agreements Ch. 8.Derivative Proceedings Ch. 9.Board of Directors Generally Ch. 10.Meetings and Action of Board of Directors Ch. 11.Standards of Conduct for Directors Ch. 12.Officers Generally Ch. 13.Indemnification of Directors Ch. 14.Amendment of Articles of Incorporation Ch. 15.Amendment of Bylaws Ch. 16.Financial Institution Subsidiaries Ch. 17.Financial Subsidiary Activities of Financial Institutions
IC 28-13-1Chapter 1. Shares Generally
28-13-1-1Number of shares; classes of shares; preferences; limitations; relative rights 28-13-1-2Voting right; rights to assets on dissolution 28-13-1-3Class of shares with other rights; designations, preferences, and limitations; description not exhaustive 28-13-1-4Series of shares; distinguishing designation; other rights and preferences; articles of amendment 28-13-1-5Outstanding shares; limitation on reacquisition, redemption, or conversion; unlimited voting rights; right to assets on dissolution 28-13-1-6Fractional shares; scrip; rights and preferences
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-12-11-3
What does Indiana Code § 28-12-11-3 cover?
Section 28-12-11-3 ("Requirements for savings associations organized or recognized under this title") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 28-12-11-3?
A common citation format is "Indiana Code § 28-12-11-3" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 28-12-11-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.