Indiana Code 28-2-18-23. Conditions of establishment
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Sec. 23. A branch of an out-of-state bank may not be established in Indiana under this chapter unless the out-of-state bank:
(2) provides satisfactory evidence to the department of compliance with the applicable requirements of IC 28-1-22.
(1) confirms in writing to the department that it will comply with all applicable laws of Indiana as long as it maintains a branch in Indiana; and
Terms Used In Indiana Code 28-2-18-23
- bank: has the meaning set forth in Indiana Code 28-2-18-4
- branch: has the meaning set forth in IC 28-2-13-7. See Indiana Code 28-2-18-7
- department: refers to the department of financial institutions. See Indiana Code 28-2-18-9
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- out-of-state bank: means a bank whose home state is a state other than Indiana. See Indiana Code 28-2-18-16
As added by P.L.171-1996, SEC.37.