Indiana Code 28-13-16-2. “Nonqualifying subsidiary” defined
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Terms Used In Indiana Code 28-13-16-2
- 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.
- financial institution: means :
Indiana Code 28-13-16-3
Sec. 2. As used in this chapter, “nonqualifying subsidiary” means a foreign or domestic corporation or limited liability company in which a financial institution has fifty percent (50%) or less ownership.
As added by P.L.215-1999, SEC.10.