§ 28-1-18.2-3 — Examination; report on failure to comply with department's recommendations or suggestions

Indiana § 28-1-18.2-3

• Jurisdiction: Indiana
• Art. 1: DEPARTMENT OF FINANCIAL INSTITUTIONS
• Ch. 18.2: Examination of Affiliates

Text

(a) In making the examination of a bank or
trust company, the department shall include an examination of the
affairs of all the bank or trust company's affiliates necessary to disclose
fully the relations between the bank or trust company and its affiliates,
and the effect of those relations upon the affairs of the bank or trust
company.
(b) The department may publish the report of its examination of a
bank or trust company, or an affiliate, which has not, within one
hundred and twenty (120) days after notification of the
recommendations or suggestions of the department, based on the
examination, complied with the recommendations or suggestions to the
department's satisfaction. The department must give the bank or trust
company or the affiliate ninety (90) days notice prior to publication of
a report under this subsection.

Legislative History

As added by P.L.33-1991, SEC.18.