§ 28-1-7-0.5 — Approval of department not required

Indiana § 28-1-7-0.5

• Jurisdiction: Indiana
• Art. 1: DEPARTMENT OF FINANCIAL INSTITUTIONS
• Ch. 7: Merger and Consolidation of Banks, Trust Companies,

Text

5. The approval of the department of an:
(1) agreement of merger; or
(2) agreement of consolidation;
is not required under this chapter if the corporation surviving the
merger or consolidation is an institution organized or reorganized
under the laws of the United States or a state (as defined in IC 28-2-17-19) other than Indiana.

Legislative History

As added by P.L.122-1994, SEC.41. Amended by P.L.171-1996, SEC.2.