Sec. 5. Upon conversion, the new state bank or new savings association: (1) has all the rights, privileges, immunities, and powers of a bank organized under IC 28-1 or a savings association organized under IC 28-4 (before its repeal) or under IC 28-15 ; (2) is subject to all the duties, restrictions, penalties, and liabilities of a bank organized under IC 28-1 or a savings association organized under IC 28-4 (before its repeal) or under IC 28-15 ; and (3) is governed by IC 28-13 . IC 28-6.1-15 Chapter 15. Conversion of a Savings Bank to a Bank or Trust 28-6.1-15-1 Application of chapter 28-6.1-15-2 Effective date of conversion 28-6.1-15-3 Conversion permitted 28-6.1-15-4 Resolutions of conversion 28-6.1-15-5 Terms and conditions of conversions; rights of depositors 28-6.1-15-6 Approval or disapproval of resolutions of conversion by department 28-6.1-15-7 Notice to depositors; objections; judicial review 28-6.1-15-8 Approval of articles of incorporation by secretary of state 28-6.1-15-9 Prerequisites to doing business 28-6.1-15-10 Effect of conversions 28-6.1-15-11 Continued service of boards 28-6.1-15-12 Conformation to limitations 28-6.1-15-13 Powers and duties of department
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