Indiana Statutes
§ 28-13-17-7 — Interest in financial subsidiaries engaged in financial subsidiary activities
Indiana·Art. 13 CORPORATE GOVERNANCE·Ch. 17 Financial Subsidiary Activities of Financial Institutions
(a)Notwithstanding any other law, but subject
to the provisions of this chapter, a financial institution may control or
hold an interest in a financial subsidiary that engages in financial
subsidiary activities.
(b)This section does not require an activity to be conducted through
a financial subsidiary that is authorized to be conducted directly by the
financial institution.
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Legislative History
As added by P.L.63-2001, SEC.28 and P.L.134-2001,
SEC.30.
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