Approval of Department Not Required

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Department of Financial Institutions
  5. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations
  6. Approval of Department Not Required

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Sec. 0.5. The approval of the department of an:

(1) agreement of merger; or

(2) agreement of consolidation;

is not required under this chapter if the corporation surviving the merger or consolidation is an institution organized or reorganized under the laws of the United States or a state (as defined in IC 28-2-17-19) other than Indiana.

As added by P.L.122-1994, SEC.41. Amended by P.L.171-1996, SEC.2.


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