Indiana § 28-11-5-2 Approval of articles of incorporation and organization and
establishment of financial institutions

Indiana Statutes

§ 28-11-5-2 — Approval of articles of incorporation and organization and establishment of financial institutions

Indiana § 28-11-5-2

Art. 11DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 5Department Oversight of Organization of a Financial

This text of Indiana § 28-11-5-2 (Approval of articles of incorporation and organization and establishment of financial institutions) 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 § 28-11-5-2 (2026).

Text

(a)A financial institution may not be organized, incorporated, or engage in business in Indiana until the department has approved the following:

(1)The articles of incorporation of the proposed financial institution.

(2)The organization and establishment of the financial institution in the city or town in which the incorporators propose to establish the financial institution.

(b)A person who violates this section commits a Class A misdemeanor.

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(a) A financial institution may not be
organized, incorporated, or engage in business in Indiana until the
department has approved the following:
(1) The articles of incorporation of the proposed financial
institution.
(2) The organization and establishment of the financial institution
in the city or town in which the incorporators propose to establish
the financial institution.
(b) A person who violates this section commits a Class A
misdemeanor.