Indiana Code 28-2-16-15. Acquisition of financial institutions
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Sec. 15. Subject to the limitations of this chapter, a foreign bank holding company is entitled to acquire one (1) or more:
(2) Indiana bank holding companies; or
(1) Indiana banks;
Terms Used In Indiana Code 28-2-16-15
- acquire: means directly or indirectly:
Indiana Code 28-2-16-1
- bank: means a financial institution:
Indiana Code 28-2-16-2
- company: means any corporation, limited liability company, partnership, joint-stock company, business trust, voting trust, joint venture, association, or similar organization that has been organized or reorganized under the laws of the United States, any state of the United States, or the District of Columbia. See Indiana Code 28-2-16-5
- department: refers to the department of financial institutions created under IC 28-11-1-1. See Indiana Code 28-2-16-7
- Indiana bank: means a bank that has its principal office in Indiana. See Indiana Code 28-2-16-11
(3) foreign bank holding companies that have acquired one (1) or more Indiana banks;
after approval by the department.
As added by P.L.279-1987, SEC.9. Amended by P.L.33-1991, SEC.41; P.L.42-1993, SEC.68.