Indiana § 28-2-16-21 Exemption from IC 28-1-2-23

Indiana Statutes

§ 28-2-16-21 — Exemption from IC 28-1-2-23

Indiana § 28-2-16-21

Art. 2BANKS

Ch. 16Foreign Bank Holding Companies

This text of Indiana § 28-2-16-21 (Exemption from IC 28-1-2-23) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-2-16-21 (2026).

Text

(a)An acquisition by a foreign bank holding company of control of an Indiana bank or Indiana 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 foreign bank holding company; and

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