Indiana Code 28-2-13-2. Acquiring bank
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Terms Used In Indiana Code 28-2-13-2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- bank: has the meaning set forth in IC 28-2-17-3. See Indiana Code 28-2-13-5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Sec. 2. As used in this chapter, “acquiring bank” means the surviving bank in a merger of banks, the new corporation in a consolidation of banks, or the bank that purchases all, or substantially all, of the assets of another bank.
As added by P.L.265-1985, SEC.3.