Indiana Statutes
§ 28-11-5-3 — Applications to establish financial institutions
Indiana·Art. 11 DEPARTMENT OF FINANCIAL INSTITUTIONS·Ch. 5 Department Oversight of Organization of a Financial
(a)A request to establish a financial institution
must be set forth in an application:
(1)prescribed by the department; and
(2)containing the information required by the department.
(b)Within twenty (20) business days after receiving an application
under this section, the department shall:
(1)accept the application for processing;
(2)request additional information to complete the application; or
(3)return the application if it is incomplete.
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Legislative History
As added by P.L.42-1993, SEC.91. Amended by P.L.122-1994,
SEC.111.
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 escrows