Indiana § 28-2-17-27 Notice of actions causing a change of control

Indiana Statutes

§ 28-2-17-27 — Notice of actions causing a change of control

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

Each out-of-state state bank that establishes
and maintains a branch in Indiana pursuant to this chapter, or the home
state regulator of such bank, shall give at least thirty (30) days prior
written notice, or shorter notice as is consistent with applicable state or
federal law, to the department of any merger, consolidation, or other
transaction that would cause a change of control with respect to the
bank or any bank holding company that controls the bank, with the
result that an application would be required to be filed pursuant to the
federal Change in Bank Control Act of 1978, as amended (12 U.S.C.
1817(j)) or the federal Bank Holding Company Act of 1956, as
amended (12 U.S.C. 1841 et seq.) or any successor statutes to those
statutes.

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Each out-of-state state bank that establishes
and maintains a branch in Indiana pursuant to this chapter, or the home
state regulator of such bank, shall give at least thirty (30) days prior
written notice, or shorter notice as is consistent with applicable state or
federal law, to the department of any merger, consolidation, or other
transaction that would cause a change of control with respect to the
bank or any bank holding company that controls the bank, with the
result that an application would be required to be filed pursuant to the
federal Change in Bank Control Act of 1978, as amended (12 U.S.C.
1817(j)) or the federal Bank Holding Company Act of 1956, as
amended (12 U.S.C. 1841 et seq.) or any successor statutes to those
statutes.

Indiana § 28-2-17-27 (Notice of actions causing a change of control) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.