§ 28-2-18-28 — Notice of actions causing a change of control

Indiana § 28-2-18-28

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

Text

Each out-of-state state bank that has
established and maintains a branch in Indiana pursuant to this chapter,
or the home state regulator of the 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.

Legislative History

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