§ 28-13-16-1 “Qualifying subsidiary” defined
§ 28-13-16-2 “Nonqualifying subsidiary” defined
§ 28-13-16-3 “Financial institution” defined
§ 28-13-16-4 Acquisition or establishment; powers of subsidiary
§ 28-13-16-5 Acquiring or establishing a nonqualifying subsidiary; application
§ 28-13-16-6 Review of notice or application; change in scope or nature of business activity of qualifying or nonqualifying subsidiary
§ 28-13-16-7 Subsidiaries subject to examination
§ 28-13-16-8 Rules
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Terms Used In Indiana Code > Title 28 > Article 13 > Chapter 16 - Financial Institution Subsidiaries

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • financial institution: means :

    Indiana Code 28-13-16-3

  • nonqualifying subsidiary: means a foreign or domestic corporation or limited liability company in which a financial institution has fifty percent (50%) or less ownership. See Indiana Code 28-13-16-2
  • qualifying subsidiary: means a foreign or domestic corporation or limited liability company in which a financial institution has more than fifty percent (50%) ownership. See Indiana Code 28-13-16-1