Indiana Code 28-2-13-20.5. Branch; establishment through transaction with savings association
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Terms Used In Indiana Code 28-2-13-20.5
- bank: has the meaning set forth in IC 28-2-17-3. See Indiana Code 28-2-13-5
- branch: means any office, agency, mobile unit, messenger service, or other place of business at which deposits are received, checks paid, or money lent. See Indiana Code 28-2-13-7
- department: refers to the department of financial institutions created under IC 28-11-1-1. See Indiana Code 28-2-13-13
Sec. 20.5. Notwithstanding any other provision of this title, upon receipt of approval by the department and all required federal regulatory approvals, a state bank is entitled to establish a branch through a transaction with a savings association (as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. § 1813(b)), if the transaction otherwise complies with this chapter.
As added by P.L.33-1991, SEC.26. Amended by P.L.42-1993, SEC.62; P.L.11-1998, SEC.6; P.L.35-2010, SEC.142.