§ 28-2-16-23 — Cooperation with other financial institutions' regulatory agencies

Indiana § 28-2-16-23

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

Text

The department may enter into cooperative
agreements and pay for necessary services with other financial
institutions' regulatory agencies to facilitate the regulation of banks,
corporate fiduciaries, and bank holding companies doing business in
this state. The department may accept reports of examinations and
other records from those other agencies instead of conducting its own
examinations of corporate fiduciaries with offices in other states or
banks controlled by bank holding companies located in other states.
The department may take any action jointly with other regulatory
agencies having concurrent jurisdiction over banks, corporate
fiduciaries, and bank holding companies doing business in this state or
may take actions independently in order to carry out its responsibilities.

Legislative History

As added by P.L.279-1987, SEC.9. Amended by P.L.262-1995, SEC.62.