"Mutual bank"

Ind. Code § 28-1-21.7-3
in effect
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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. As added by P.L.147-1990, SEC.3. Amended by P.L.42-1993, SEC.39.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026

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