Indiana § 28-1-3.1-21 Troubled or insolvent financial institutions; federal supervisory
agencies; department's authority to approve transactions

Indiana Statutes

§ 28-1-3.1-21 — Troubled or insolvent financial institutions; federal supervisory agencies; department's authority to approve transactions

Indiana § 28-1-3.1-21

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 3.1Liquidation of Financial Institutions

This text of Indiana § 28-1-3.1-21 (Troubled or insolvent financial institutions; federal supervisory agencies; department's authority to approve transactions) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-1-3.1-21 (2026).

Text

Whenever a federal supervisory agency is
bidding, consolidating, merging, selling, or otherwise resolving or
disposing of a troubled, an insolvent, or an imminently insolvent
financial institution, the director of the department may approve any
transaction, including the purchase of assets, the assumption of
liabilities, a merger, or the formation of a new financial institution, if
the transaction requires the approval of the department.

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Whenever a federal supervisory agency is
bidding, consolidating, merging, selling, or otherwise resolving or
disposing of a troubled, an insolvent, or an imminently insolvent
financial institution, the director of the department may approve any
transaction, including the purchase of assets, the assumption of
liabilities, a merger, or the formation of a new financial institution, if
the transaction requires the approval of the department.