§ 28-2-16-19 — Foreign bank holding company acquisition of Indiana bank or bank holding company; findings and orders

Indiana § 28-2-16-19

• Jurisdiction: Indiana
• Art. 2: BANKS
• Ch. 16: Foreign Bank Holding Companies

Text

If the department accepts an application for
processing under section 17 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 18 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 Indiana bank or Indiana bank holding company proposed to be
acquired are or are not fair and reasonable to the shareholders of the
Indiana bank or Indiana bank holding company proposed to be
acquired.

Legislative History

As added by P.L.279-1987, SEC.9.