§ 28-2-18-10 — "De novo branch" defined

Indiana § 28-2-18-10

• Jurisdiction: Indiana
• Art. 2: BANKS
• Ch. 18: Interstate Bank Branching

Text

As used in this chapter, "de novo branch"
means a branch of a bank located in a host state that:
(1) is originally established by the bank as a branch; and
(2) does not become a branch of the bank as a result of:
(A) the acquisition of another bank or a branch of another bank;
or
(B) the merger, consolidation, or conversion involving any such
bank or branch.

Legislative History

As added by P.L.171-1996, SEC.37.