Sec. 19. (a) The board of directors of a bank holding company that adopts a resolution under section 18(c) of this chapter may in that resolution or a subsequent resolution provide that all or a part of the trust business of an Indiana affiliate of the bank holding company may be conducted under an assumed business name specified in the resolution.

     (b) A copy of the resolution must be:

Terms Used In Indiana Code 28-2-14-19

  • 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
  • department: refers to the department of financial institutions created under IC 28-11-1-1. See Indiana Code 28-2-14-7
(1) certified by the secretary or the assistant secretary of the bank holding company;

(2) filed with the department; and

(3) recorded in the county recorder’s office:

(A) in each county in which an Indiana affiliate affected by the resolution maintains an office at which trust business is conducted under an assumed business name provided for in the resolution; and

(B) on or before the earlier of:

(i) thirty (30) days after the adoption of the resolution; or

(ii) the first day trust business is conducted in any county under the assumed business name provided for in the resolution.

As added by P.L.196-1991, SEC.1.

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