Indiana § 28-2-13-12 Control

Indiana Statutes

§ 28-2-13-12 — Control

Indiana·Art. 2 BANKS·Ch. 13 Branch Banks

As used in this chapter, "control" means directly or indirectly:

(1)to own, control, or hold, with power to vote, twenty-five percent (25%) or more of the voting shares of a bank or company;

(2)to control in any manner the election of a majority of the directors or trustees of a bank or company; or

(3)to exercise a controlling influence over the management or policies of a bank or company, as determined by the Board of Governors of the Federal Reserve System after notice and opportunity for hearing.

Free access — add to your briefcase to read the full text and ask questions with AI

As used in this chapter, "control" means
directly or indirectly:
(1) to own, control, or hold, with power to vote, twenty-five
percent (25%) or more of the voting shares of a bank or company;
(2) to control in any manner the election of a majority of the
directors or trustees of a bank or company; or
(3) to exercise a controlling influence over the management or
policies of a bank or company, as determined by the Board of
Governors of the Federal Reserve System after notice and
opportunity for hearing.

Indiana § 28-2-13-12 (Control) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.