|
|
|
IC 28-6.1-2-1
Application of definitions
Sec. 1. The definitions in this chapter apply throughout this
article.
As added by P.L.42-1993, SEC.72.
IC 28-6.1-2-2
Board
Sec. 2. "Board" refers to either of the following:
(1) If the savings bank was organized, reorganized, or operating
under IC 28-6 (before its repeal) before January 1, 1993, the
term refers to the board of trustees of the savings bank.
(2) If the savings bank is not described by subdivision (1), the
term refers to the board of directors of the savings bank.
As added by P.L.42-1993, SEC.72.
IC 28-6.1-2-2.4
Community based economic development
Sec. 2.4. "Community based economic development" refers to
activities that seek to address economic causes of poverty within
specific geographic areas, revitalizing the economic and social base
of low income communities through activities that include:
(1) affordable housing development;
(2) small business and micro-enterprise support;
(3) commercial, industrial, and retail revitalization, retention,
and expansion;
(4) capacity development and technical assistance support for
community development corporations;
(5) employment and training efforts;
(6) human resource development; and
(7) social service enterprises.
As added by P.L.136-1994, SEC.3.
IC 28-6.1-2-2.5
Community development corporation
Sec. 2.5. "Community development corporation" means a private,
nonprofit corporation:
(1) whose board of directors is comprised primarily of
community representatives and business, civic, and community
leaders; and
(2) whose principal purpose includes the provision of:
(A) housing;
(B) community-based economic development projects; and
(C) social services;
that primarily benefit low-income individuals and communities.
As added by P.L.136-1994, SEC.4.
IC 28-6.1-2-4
Member
Sec. 4. "Member" means a deposit account holder or borrower in
a mutual savings bank formed as a result of a conversion under
IC 28-1-21.7 after December 31, 1992.
As added by P.L.42-1993, SEC.72.
IC 28-6.1-2-5
Mutual savings bank
Sec. 5. "Mutual savings bank" means a savings bank that is:
(1) governed by members; and
(2) formed as the result of a conversion under IC 28-1-21.7 after
December 31, 1992.
As added by P.L.42-1993, SEC.72. Amended by P.L.262-1995,
SEC.66.
IC 28-6.1-2-6
Savings bank
Sec. 6. "Savings bank" means any of the following:
(1) A financial institution organized, reorganized, or operating
under IC 28-6 (before its repeal) before January 1, 1993.
(2) A financial institution formed as the result of a conversion
under IC 28-1-21.7, IC 28-1-21.8, or IC 28-1-21.9.
(3) A stock savings bank incorporated under IC 28-12.
As added by P.L.42-1993, SEC.72. Amended by P.L.122-1994,
SEC.95.
IC 28-6.1-2-7
Stock savings bank
Sec. 7. "Stock savings bank" means a savings bank that is owned
by the holders of capital stock and that was:
(1) formed as the result of conversion under IC 28-1-21.8 or
IC 28-1-21.9 after December 31, 1992; or
(2) incorporated under IC 28-12.
As added by P.L.42-1993, SEC.72. Amended by P.L.122-1994,
SEC.96.
IC 28-6.1-2-8
Trustee
Sec. 8. "Trustee" refers to a member of the board of a savings
bank organized, reorganized, or operating under IC 28-6 (before its
repeal) before January 1, 1993.
As added by P.L.42-1993, SEC.72.