Indiana § 28-2-14-14 Findings of fact

Indiana Statutes

§ 28-2-14-14 — Findings of fact

Indiana·Art. 2 BANKS·Ch. 14 Indiana Bank Holding Companies

If the department accepts an application for
processing under section 12 of this chapter, the department shall issue
an order approving or disapproving the acquisition. The department
shall include its findings of fact in the order. If the department holds a
hearing under section 13 of this chapter, the findings of fact must
include a finding that the terms and conditions of the acquisition and
of the issuance and exchange of stock of the applicant for the stock of
the bank or bank holding company proposed to be acquired are or are
not fair and reasonable to the shareholders of the bank or bank holding
company proposed to be acquired.

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If the department accepts an application for
processing under section 12 of this chapter, the department shall issue
an order approving or disapproving the acquisition. The department
shall include its findings of fact in the order. If the department holds a
hearing under section 13 of this chapter, the findings of fact must
include a finding that the terms and conditions of the acquisition and
of the issuance and exchange of stock of the applicant for the stock of
the bank or bank holding company proposed to be acquired are or are
not fair and reasonable to the shareholders of the bank or bank holding
company proposed to be acquired.

Indiana § 28-2-14-14 (Findings of fact) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.