Parent company

Sec. 1. A parent company under this article: (1) shall locate its executive offices in Indiana; (2) shall employ at least five hundred (500) persons or a substantial percentage of its workforce in Indiana; (3) shall be organized under the laws of Indiana; and (4) may be: (A) a corporation organized for the purpose of serving as a holding company for the former mutual or a corporation that, before the conversion, was a subsidiary of the converting mutual; or (B) any other existing or newly created corporation. As added by P.L.94-1999, SEC.3.