Indiana Code 28-13-17-3. “Financial subsidiary activity” defined
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Sec. 3. As used in this chapter, “financial subsidiary activity” means:
(2) an activity that has been determined by the department to be financial in nature or incidental to a financial activity.
(1) an activity that has been authorized for a financial subsidiary of a national bank under 12 U.S.C. § 24a and that may be conducted by a national bank only through a financial subsidiary; or
Terms Used In Indiana Code 28-13-17-3
- financial subsidiary: means a foreign or domestic corporation or limited liability company that is controlled by one (1) or more financial institutions that engages in a financial subsidiary activity. See Indiana Code 28-13-17-2
- National Bank: A bank that is subject to the supervision of the Comptroller of the Currency. The Office of the Comptroller of the Currency is a bureau of the U.S. Treasury Department. A national bank can be recognized because it must have "national" or "national association" in its name. Source: OCC
As added by P.L.63-2001, SEC.28 and P.L.134-2001, SEC.30.