Section 28-1-21.9-16 - Application of banking law(a) Except as provided in subsection (c), a stock savings bank formed under this chapter is governed by IC 28-6.1.(b) For purposes of a stock savings bank formed under this chapter, a reference in IC 28-6.1 to formation and operation by a board means: (1) formation by conversion under this chapter; and(2) operation by a board of directors elected by shareholders under IC 28-13.(c) IC 28-6.1-3 does not apply to a stock savings bank formed by conversion under this chapter.As added by P.L. 42-1993, SEC.44.