Indiana § 23-6-4-21 Exemptions; securities registration; taxation; financial institutions
regulation

Indiana Statutes

§ 23-6-4-21 — Exemptions; securities registration; taxation; financial institutions regulation

Indiana·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 6 PUBLIC CORPORATIONS AND ASSOCIATIONS·Ch. 4 Indiana Business Development Credit Corporation Law

(a)Any securities issued by a credit corporation are exempt from registration under, or compliance with, IC 23-19.

(b)Any tax exemptions, tax credits, or tax privileges granted to banks, savings and loan associations, trust companies, and other financial institutions by Indiana law are granted to a credit corporation.

(c)A credit corporation is exempt from regulation under, or compliance with, IC 28-1-1 through IC 28-1-23. However, the department of financial institutions shall conduct an annual examination of the credit corporation for the purpose of determining its financial condition.

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(a) Any securities issued by a credit
corporation are exempt from registration under, or compliance with, IC 23-19.
(b) Any tax exemptions, tax credits, or tax privileges granted to
banks, savings and loan associations, trust companies, and other
financial institutions by Indiana law are granted to a credit corporation.
(c) A credit corporation is exempt from regulation under, or
compliance with, IC 28-1-1 through IC 28-1-23. However, the
department of financial institutions shall conduct an annual
examination of the credit corporation for the purpose of determining its
financial condition.

Indiana § 23-6-4-21 (Exemptions; securities registration; taxation; financial institutions regulation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.