§ 28-2-18-26 — Enforcement actions

(a) If the department determines that a
branch maintained by an out-of-state state bank in Indiana is being
operated:
(1) in violation of any provision of Indiana law relating to
activities of a bank; or
(2) in an unsafe and unsound manner;
the department may take all enforcement actions it would be
empowered to take if the branch were an Indiana state bank, including
but not limited to enforcement actions under IC 28-11-4.
(b) The department shall:
(1) promptly give notice to the home state regulator of each
enforcement action taken under this section against an out-of-state
state bank; and
(2) to the extent practicable, consult and cooperate with the home
state regulator in pursuing and resolving the enforcement action.

Legislative History

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