§ 28-2-17-29 — Waiver of concentration limitation

Indiana § 28-2-17-29

• Jurisdiction: Indiana
• Art. 2: BANKS
• Ch. 17: Interstate Bank Mergers

Text

(a) Pursuant to 12 U.S.C. 1831u(b)2(D), the
statewide concentration limitation as provided for in 12 U.S.C.
1831u(b)2(B) may be waived by order of the department for a
particular interstate merger transaction for good cause shown.
(b) When determining good cause for the purposes of this section,
the department shall, at a minimum, consider the factors enumerated
in IC 28-2-16-17(e).

Legislative History

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