Sec. 29. (a) Pursuant to 12 U.S.C. § 1831u(b)2(D), the statewide concentration limitation as provided for in 12 U.S.C. § 1831u(b)2(B) may be waived by order of the department for a particular interstate merger transaction for good cause shown.

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Terms Used In Indiana Code 28-2-17-29

  • department: refers to the department of financial institutions. See Indiana Code 28-2-17-8
  • interstate merger transaction: means :

    Indiana Code 28-2-17-15

     (b) When determining good cause for the purposes of this section, the department shall, at a minimum, consider the factors enumerated in IC 28-2-16-17(e).

As added by P.L.171-1996, SEC.36.

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