2014 Indiana Code TITLE 28. FINANCIAL INSTITUTIONS ARTICLE 3. LIQUIDATION, REORGANIZATION, AND MERGER CHAPTER 4. PRIOR REORGANIZATIONS VALID
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IC 28-3-4
Chapter 4. Prior Reorganizations Valid
IC 28-3-4-1
Legalization of reorganizations
Sec. 1. Any and all reorganizations by financial institutions
organized before March 10, 1941, under any statute of this state
under and pursuant to the provisions of IC 28-1, including, but not by
way of limitation, reorganizations under and pursuant to the
provisions of IC 28-1-10 (repealed July 1, 1988) and reorganizations
for the reopening of business and the resumption of banking
operations under and pursuant to the provisions of IC 28-1-20-8 are
hereby declared legal and valid for all purposes.
(Formerly: Acts 1941, c.166, s.1.) As amended by P.L.263-1985,
SEC.133; P.L.3-1990, SEC.106.
IC 28-3-4-2
Amendment of articles as to corporate duration
Sec. 2. Any bank or trust company organized under any statute of
this state may amend its articles of incorporation in the manner
prescribed in IC 28-13-14. Any bank or trust company electing to
amend its articles of incorporation in such manner may, among other
things, provide that such bank or trust company may continue as a
corporation, under its corporate name, for the period limited in its
articles of incorporation as amended, or, if the period is not so limited
therein, then perpetually.
(Formerly: Acts 1941, c.166, s.2.) As amended by P.L.263-1985,
SEC.134; P.L.14-1992, SEC.111.
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