Indiana Statutes
§ 28-1-7.5-12 — Separate and distinct corporations; effect upon liability
Indiana § 28-1-7.5-12
JurisdictionIndiana
Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS
Ch. 7.5Formation of Certain Bank Holding Companies
This text of Indiana § 28-1-7.5-12 (Separate and distinct corporations; effect upon liability) 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 § 28-1-7.5-12 (2026).
Text
The bank, trust company, corporate
fiduciary, or stock savings bank and the holding company are separate
and distinct corporations. Notwithstanding any acts or omissions of the
officers, directors, or shareholders of the corporations, neither of the
corporations has any liability to the creditors, depositors, or
shareholders of the other.
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Legislative History
As added by P.L.238-1983, SEC.10. Amended by P.L.122-1994,
SEC.70; P.L.262-1995, SEC.23.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrowsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 28-1-7.5-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-1-7.5-12.