Indiana Statutes

§ 28-2-17-21 — Authority to enter into transaction

Indiana·Art. 2 BANKS·Ch. 17 Interstate Bank Mergers

If the conditions and filing requirements of this chapter are met:

(1)one (1) or more Indiana banks may enter into an interstate merger transaction with one (1) or more out-of-state banks under this chapter; and
(2)an out-of-state bank resulting from a transaction referred to in subdivision (1) may maintain and operate the branches in Indiana of an Indiana bank that participated in the transaction.

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Legislative History

As added by P.L.171-1996, SEC.36.

Nearby Sections

15
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