28-13-17-7. Interest in Financial Subsidiaries Engaged in Financial Subsidiary Activities
Sec. 7. (a) Notwithstanding any other law, but subject to the provisions of this chapter, a financial institution may control or hold an interest in a financial subsidiary that engages in financial subsidiary activities. (b) This section does not require an activity to be conducted through a financial subsidiary that is authorized to be conducted […]
28-13-17-8. Financial Subsidiary Activities Engaged in as Principal or New Financial Subsidiary Activities
Sec. 8. (a) A financial institution may not establish, control, or hold an interest of a financial subsidiary that engages in financial subsidiary activities as principal or commence any new financial subsidiary activity under this section or under 12 U.S.C. 1831w(a) unless the following occur: (1) An application has been filed with the department before […]
28-13-14-8.5. Purchase Price of Stock
Sec. 8.5. (a) The following guidelines and procedures apply when requesting that the director approve an amendment to articles of incorporation resulting in a reverse stock split authorized by IC 28-13-14-8(a)(10): (1) The purchase price of the stock must be based on market value if there is an established and active market in the corporation’s […]
28-13-16-3. “Financial Institution” Defined
Sec. 3. As used in this chapter, “financial institution” means: (1) a bank (as defined by IC 28-1-1-3); (2) a savings bank; (3) a savings association; or (4) an industrial loan and investment company that maintains federal deposit insurance. As added by P.L.215-1999, SEC.10.
28-13-14-9. Adoption Before Issuance of Shares
Sec. 9. If a corporation has not yet issued shares: (1) its board of directors; or (2) if a board of directors has not been selected, the incorporators; may adopt at least one (1) amendment to the corporation’s articles of incorporation. As added by P.L.14-1992, SEC.163.
28-13-16-4. Acquisition or Establishment; Powers of Subsidiary
Sec. 4. (a) A financial institution or any of its subsidiaries may acquire or establish a qualifying subsidiary by providing the department with written notice before acquiring or establishing the subsidiary. The department shall notify the requesting financial institution of the department’s receipt of the notice. (b) A subsidiary may exercise a power or engage […]
28-13-14-10. Articles of Amendment; Contents
Sec. 10. A corporation amending its articles of incorporation shall prepare articles of amendment setting forth the following: (1) The name of the corporation. (2) The text of each amendment adopted. (3) If an amendment provides for an exchange, reclassification, or cancellation of issued shares, provisions for implementing the amendment if not contained in the […]
28-13-14-11. Articles of Amendment; Form
Sec. 11. The form of the articles of amendment shall be prescribed and furnished by the department. As added by P.L.14-1992, SEC.163.
28-13-14-12. Articles of Amendment; Preparation and Signature; Presentation for Approval or Disapproval and Filing
Sec. 12. (a) The articles of amendment shall be prepared and signed in triplicate by: (1) an officer of the corporation; (2) if the corporation has not yet issued shares, by a director of the corporation; or (3) if the board of directors has not been selected, by the incorporator; and shall be presented in […]
28-13-14-13. Change of Corporate Name; Record of Articles of Amendment
Sec. 13. If a corporation amends its articles of incorporation to change its corporate name, the corporation may, after the amendment has become effective, file for record with the county recorder of each county in Indiana in which the corporation has real property at the time the amendment becomes effective a file-stamped copy of the […]