§ 28-2-14-19 — Assumed business names; bank holding companies; resolutions

Indiana § 28-2-14-19

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

Text

(a) The board of directors of a bank holding
company that adopts a resolution under section 18(c) of this chapter
may in that resolution or a subsequent resolution provide that all or a
part of the trust business of an Indiana affiliate of the bank holding
company may be conducted under an assumed business name specified
in the resolution.
(b) A copy of the resolution must be:
(1) certified by the secretary or the assistant secretary of the bank
holding company;
(2) filed with the department; and
(3) recorded in the county recorder's office:
(A) in each county in which an Indiana affiliate affected by the
resolution maintains an office at which trust business is
conducted under an assumed business name provided for in the
resolution; and
(B) on or before the earlier of:
(i) thirty (30) days after the adoption of the resolution; or
(ii) the first day trust business is conducted in any county
under the assumed business name provided for in the
resolution.

Legislative History

As added by P.L.196-1991, SEC.1.