Indiana Code 28-2-14-15. Exemption from certain requirements
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Sec. 15. (a) An acquisition by a company of a bank or a bank holding company is exempt from the requirements of IC 28-1-2-23 if the acquisition is made under this chapter.
(1) acquired by a bank holding company; and
(b) If a bank will be:
Terms Used In Indiana Code 28-2-14-15
- bank: means a financial institution:
Indiana Code 28-2-14-2
- bank holding company: means any company that controls one (1) or more banks. See Indiana Code 28-2-14-3
- company: means any corporation, limited liability company, partnership, joint-stock company, business trust, voting trust, joint venture, association, or similar organization, domestic or foreign. See Indiana Code 28-2-14-5
(2) immediately merged with or consolidated into another bank owned by the acquiring bank holding company;
the acquisition of the bank is exempt from the provisions of this chapter.
As added by P.L.265-1985, SEC.4. Amended by P.L.262-1995, SEC.56.