IC 28-2-16-21 — Exemption from IC 28-1-2-23
Chapter 16. Foreign Bank Holding Companies
Section text
Sec. 21. (a) An acquisition by a foreign bank holding company of control of an Indiana bank or Indiana bank holding company is exempt from the requirements of IC 28-1-2-23 if the acquisition is made under this chapter. (b) If a bank will be: (1) acquired by a foreign bank holding company; and (2) immediately merged with or consolidated into another bank owned by the acquiring foreign bank holding company; the acquisition of the bank is exempt from the provisions of this chapter.
As added by P.L.279-1987, SEC.9. Amended by P.L.262-1995, SEC.61.
Source: official publisher (2026 edition)