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·Art. 2 BANKS·Ch. 16 Foreign Bank Holding Companies

(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.

Free access — add to your briefcase to read the full text and ask questions with AI

(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.

Indiana § 28-2-16-21 (Exemption from IC 28-1-2-23) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.