Indiana Code 28-2-17-27. Notice of actions causing a change of control
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Terms Used In Indiana Code 28-2-17-27
- bank: has the meaning set forth in Indiana Code 28-2-17-3
- bank holding company: has the meaning set forth in Indiana Code 28-2-17-4
- branch: has the meaning set forth in IC 28-2-13-7. See Indiana Code 28-2-17-6
- control: shall be construed consistently with the provisions of Indiana Code 28-2-17-7
- department: refers to the department of financial institutions. See Indiana Code 28-2-17-8
- home state: means the following:
Indiana Code 28-2-17-10
- state: means any of the following:
Indiana Code 28-2-17-19
Sec. 27. Each out-of-state state bank that establishes and maintains a branch in Indiana pursuant to this chapter, or the home state regulator of such 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.
As added by P.L.171-1996, SEC.36.