Indiana § 28-15-14-1 - Merger, consolidation, or conversion; vote of shareholders and members required; compliance with federal law
Full text of Indiana Indiana Code § 28-15-14-1 — Merger, consolidation, or conversion; vote of shareholders and members required; compliance with federal law, with citation guidance and answers to common questions.
§ 28-15-14-1. Merger, consolidation, or conversion; vote of shareholders and members required; compliance with federal law
Sec. 1. (a) A savings association may be:
(1) merged or consolidated with; or
(2) converted into;
a federal savings association, under the charter of the federal savings association or under a new charter issued to the converted association or the merged or consolidated association, upon a vote of fifty-one percent (51%) or more of the votes cast at a legal meeting of the shareholders and members of the state chartered savings association called to consider the proposed merger, consolidation, or conversion.
(b) A merger, consolidation, or conversion under this section must be accomplished:
(1) in compliance with the laws of the United States relating to the merger, consolidation, or conversion; and
(2) upon terms and conditions prescribed or approved by the Office of the Comptroller of the Currency or its successor.
As added by P.L.193-1997, SEC.2. Amended by P.L.27-2012, SEC.118; P.L.29-2022, SEC.16.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-15-14-1
What does Indiana Code § 28-15-14-1 cover?
Section 28-15-14-1 ("Merger, consolidation, or conversion; vote of shareholders and members required; compliance with federal law") 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 § 28-15-14-1?
A common citation format is "Indiana Code § 28-15-14-1" (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 § 28-15-14-1 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.