Sec. 22. An out-of-state bank that will be the resulting bank pursuant to an interstate merger transaction involving an Indiana state bank shall:

(1) notify the department of the proposed merger; and

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Terms Used In Indiana Code 28-2-17-22

  • bank: has the meaning set forth in Indiana Code 28-2-17-3
  • department: refers to the department of financial institutions. See Indiana Code 28-2-17-8
  • 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.
  • Indiana state bank: means a bank organized or reorganized under the laws of Indiana. See Indiana Code 28-2-17-14
  • interstate merger transaction: means :

    Indiana Code 28-2-17-15

  • resulting bank: means a bank that has resulted from an interstate merger transaction under this chapter. See Indiana Code 28-2-17-18
  • state: means any of the following:

    Indiana Code 28-2-17-19

(2) provide satisfactory evidence to the department of compliance with applicable requirements of IC 28-1-22.

As added by P.L.171-1996, SEC.36. Amended by P.L.11-1998, SEC.9.