Indiana Code 28-2-18-10. “De novo branch” defined
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Sec. 10. As used in this chapter, “de novo branch” means a branch of a bank located in a host state that:
(2) does not become a branch of the bank as a result of:
(1) is originally established by the bank as a branch; and
Terms Used In Indiana Code 28-2-18-10
- bank: has the meaning set forth in 12 U. See Indiana Code 28-2-18-4
- branch: has the meaning set forth in IC 28-2-13-7. See Indiana Code 28-2-18-7
- host state: means a state, other than the home state of a bank, in which the bank:
Indiana Code 28-2-18-14
(A) the acquisition of another bank or a branch of another bank; or
(B) the merger, consolidation, or conversion involving any such bank or branch.
As added by P.L.171-1996, SEC.37.