Indiana § 28-2-14-15 Exemption from certain requirements

Indiana Statutes

§ 28-2-14-15 — Exemption from certain requirements

Indiana § 28-2-14-15

Art. 2BANKS

Ch. 14Indiana Bank Holding Companies

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Bluebook

Ind. Code § 28-2-14-15 (2026).

Text

(a)An acquisition by a company of a bank or a bank holding company is exempt from the requirements of IC 28-1-2-23 if the acquisition is made under this chapter.

(b)If a bank will be:

(1)acquired by a bank holding company; and

(2)immediately merged with or consolidated into another bank owned by the acquiring bank holding company; the acquisition of the bank is exempt from the provisions of this chapter.

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(a) An acquisition by a company of a bank
or a bank holding company is exempt from the requirements of IC 28-1-2-23 if the acquisition is made under this chapter.
(b) If a bank will be:
(1) acquired by a bank holding company; and
(2) immediately merged with or consolidated into another bank
owned by the acquiring bank holding company;
the acquisition of the bank is exempt from the provisions of this
chapter.