28-13-16-1. “Qualifying Subsidiary” Defined
Sec. 1. As used in this chapter, “qualifying subsidiary” means a foreign or domestic corporation or limited liability company in which a financial institution has more than fifty percent (50%) ownership. As added by P.L.215-1999, SEC.10.
28-13-14-8. Voting by Class or a Series of Shares
Sec. 8. (a) The holders of the outstanding shares of a class are entitled to vote as a separate voting group if shareholder voting is otherwise required by this article on a proposed amendment if the amendment would: (1) increase or decrease the aggregate number of authorized shares of the class; (2) effect an exchange […]
28-13-16-2. “Nonqualifying Subsidiary” Defined
Sec. 2. As used in this chapter, “nonqualifying subsidiary” means a foreign or domestic corporation or limited liability company in which a financial institution has fifty percent (50%) or less ownership. As added by P.L.215-1999, SEC.10.
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 […]