Sec. 28. The provisions of this chapter are severable in the manner provided in IC 1-1-1-8(b). If:

(1) any provision of this chapter; or

Terms Used In Indiana Code 28-2-17-28

  • bank: has the meaning set forth in 12 U. See Indiana Code 28-2-17-3
  • bank holding company: has the meaning set forth in 12 U. See Indiana Code 28-2-17-4
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(2) the application of any provision of this chapter;

is found by any court with jurisdiction in the United States to be invalid as to any bank, bank holding company, foreign bank, or other person or circumstances, or to be superseded by federal law, the remaining provisions of this chapter shall not be affected and shall continue to apply to any bank, bank holding company, foreign bank, or other person or circumstance.

As added by P.L.171-1996, SEC.36.