§ 28-2-14-10 — Acquisitions of banks and bank holding companies

Indiana § 28-2-14-10

• Jurisdiction: Indiana
• Art. 2: BANKS
• Ch. 14: Indiana Bank Holding Companies

Text

(a) Subject to the limitations provided in
section 12 of this chapter and in IC 28-2-15-22(a) (repealed July 1,
1992) or IC 28-2-16-20(a), and after approval by the department:
(1) any bank holding company that has its principal office in
Indiana is entitled to acquire one (1) or more banks or bank
holding companies; and
(2) any company that has its principal office in Indiana is entitled
to acquire two (2) or more banks or bank holding companies.
(b) Except as expressly permitted by this chapter and IC 28-2-13-19:
(1) a bank holding company that has its principal office in Indiana
may not acquire a bank or a bank holding company; and
(2) a company that has its principal office in Indiana may not
acquire two (2) or more banks or bank holding companies.

Legislative History

As added by P.L.265-1985, SEC.4. Amended by P.L.36-1987, SEC.11; P.L.3-1990, SEC.102; P.L.33-1991, SEC.30; P.L.42-1993, SEC.65.