Section 28-6.2-2-1.5 - Reorganization as federal mutual holding company; approval of department and primary federal regulator; required transactions(a) As used in this section, "primary federal regulator" means the federal agency primarily responsible for the regulation of mutual holding companies (as defined in IC 28-6.2-1-12).(b) A mutual savings bank may, upon application to and with the approval by the department and the primary federal regulator, reorganize as a federal mutual holding company by undertaking a transaction or series of transactions substantially similar to those set forth in section 1 of this chapter.Amended by P.L. 27-2012, SEC. 91, eff. 7/1/2012.As added by P.L. 90-2008, SEC.39.