Indiana Code 28-2-17-15. “Interstate merger transaction” defined
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Sec. 15. As used in this chapter, “interstate merger transaction” means:
(2) the purchase of all the assets (including all of the branches) of a bank whose home state is different from the home state of the acquiring bank that results in the dissolution of the selling bank.
(1) the merger or consolidation of banks with different home states, and the conversion of branches of any bank involved in the merger or consolidation into branches of the resulting bank; or
Terms Used In Indiana Code 28-2-17-15
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- bank: has the meaning set forth in 12 U. See Indiana Code 28-2-17-3
- home state: means the following:
Indiana Code 28-2-17-10
- resulting bank: means a bank that has resulted from an interstate merger transaction under this chapter. See Indiana Code 28-2-17-18
- state: means any of the following:
Indiana Code 28-2-17-19
As added by P.L.171-1996, SEC.36.