Indiana § 28-2-18-24 Authorized activities; acquisition of additional branches; investigation;
provisions and fees

Indiana Statutes

§ 28-2-18-24 — Authorized activities; acquisition of additional branches; investigation; provisions and fees

Indiana·Art. 2 BANKS·Ch. 18 Interstate Bank Branching

(a)An out-of-state state bank that establishes and maintains one (1) or more branches in Indiana under this chapter may conduct at the branch or branches only those activities that are expressly authorized under the laws of Indiana for Indiana state banks.

(b)An Indiana state bank may conduct any activities at any branch located outside Indiana that are permissible for a bank organized or reorganized by the host state in which the branch is located. However, if Indiana law specifically prohibits an activity that is permitted by the host state, the department may by order waive the prohibition if the department determines that the involvement of out-of-state branches of Indiana state banks in the particular activities conducted in the host state would not threaten the safety or soundness

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(a) An out-of-state state bank that establishes
and maintains one (1) or more branches in Indiana under this chapter
may conduct at the branch or branches only those activities that are
expressly authorized under the laws of Indiana for Indiana state banks.
(b) An Indiana state bank may conduct any activities at any branch
located outside Indiana that are permissible for a bank organized or
reorganized by the host state in which the branch is located. However,
if Indiana law specifically prohibits an activity that is permitted by the
host state, the department may by order waive the prohibition if the
department determines that the involvement of out-of-state branches of
Indiana state banks in the particular activities conducted in the host
state would not threaten the safety or soundness of banks. This section
does not authorize a bank located in Indiana to engage in an activity in
Indiana that has been waived under this provision.
(c) An out-of-state bank that has established or acquired a branch or
branches in Indiana under this chapter may establish or acquire
additional branches in Indiana to the same extent that any Indiana bank
may establish or acquire a branch in Indiana under applicable federal
and state law.
(d) The branch or branches of an out-of-state bank that are
established and maintained in Indiana under this chapter shall be
subject to the provisions and fees of IC 24-4.5 to the same extent as a
bank located in Indiana.

Indiana § 28-2-18-24 (Authorized activities; acquisition of additional branches; investigation; provisions and fees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.