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Indiana Statutes, Title 28

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Title 28, FINANCIAL INSTITUTIONS

149 chapters · 1,498 sections in this title.

All chapters in Title 281,498 Ch 1, Definitions and Application of Article178 Ch 5, Banks, Trust Companies, and Building…137 Ch 2, Powers and Duties of the Department104 Ch 6, Effective Date of Incorporation80 Ch 3, Reporting of Reportable Cyber Incidents75 Ch 7, Merger and Consolidation of Banks, T…71 Ch 13, Loans and Investments of Banks and T…61 Ch 4.1, Money Transmission Modernization Act53 Ch 11, Powers of Banks and Trust Companies51 Ch 9, Voluntary Dissolution of Banks, Trus…47 Ch 14, Amendment of Articles of Incorporation47 Ch 18, Interstate Bank Branching44 Ch 4, Enforcement Powers of the Department43 Ch 10, Emergency Bylaws40

13 sections·Filtered byTitle 28✕Ch 31✕

Ind. Code § 28-1-31-1 "Charter conversion"
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Sec. 1. As used in this chapter, "charter conversion" means the conversion of an out-of-state financial institution to a commercial bank. As added by P.L.1-2006, SEC.490.
Ind. Code § 28-1-31-10 Resulting commercial bank may wind up activities and retain assets
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Sec. 10. The department may authorize the resulting commercial bank to do the following: (1) Wind up any activities that are legally engaged in by the out-of-state financial institution at the time of charter conversion but that are not permitted to commercial banks. (2) Retain a…
Ind. Code § 28-1-31-11 Retention of branches
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Sec. 11. A commercial bank created by charter conversion may retain all branches lawfully established. As added by P.L.1-2006, SEC.490.
Ind. Code § 28-1-31-12 Filing articles of charter conversion
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Sec. 12. In order to effect the charter conversion, the converting out-of-state financial institution shall file articles of charter conversion, bearing the approval of the director of the department, with the secretary of state. The converting out-of-state financial institution …

Ind. Code § 28-1-31-13 Resulting commercial bank subject to statutes and rules

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Sec. 13. Upon the effective time of charter conversion, the converted commercial bank shall, unless otherwise provided in this chapter, immediately become subject to all statutes and rules applicable to commercial banks. As added by P.L.1-2006, SEC.490.

Ind. Code § 28-1-31-2 "Commercial bank"

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Sec. 2. As used in this chapter, "commercial bank" means a bank or trust company (as defined by IC 28-1-1-3(2)). As added by P.L.1-2006, SEC.490.

Ind. Code § 28-1-31-3 "Department"

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Sec. 3. As used in this chapter, "department" means the department of financial institutions and, if applicable, the department's authorized delegate. As added by P.L.1-2006, SEC.490.

Ind. Code § 28-1-31-4 "Effective time of the charter conversion"

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Sec. 4. As used in this chapter, "effective time of the charter conversion" means: (1) the date on which articles of conversion are filed with the secretary of state; or (2) the date designated in the articles of conversion. As added by P.L.1-2006, SEC.490.

Ind. Code § 28-1-31-5 "Out-of-state financial institution"

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Sec. 5. As used in this chapter, "out-of-state financial institution" means a bank or savings bank organized under the laws of any other state or the United States that has a branch or branches in Indiana that were established under IC 28-2-17 or IC 28-2-18. As added by P.L.1-200…

Ind. Code § 28-1-31-6 Financial institution may effect charter conversion

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Sec. 6. An out-of-state financial institution may, upon approval of the department, effect a charter conversion. As added by P.L.1-2006, SEC.490.

Ind. Code § 28-1-31-7 Procedures for charter conversion

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Sec. 7. The department shall prescribe procedures for charter conversions. The procedures prescribed by the department must include the following: (1) The out-of-state financial institution shall prepare and submit to the department a plan of charter conversion that provides the …

Ind. Code § 28-1-31-8 Approval of plan of charter conversion

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Sec. 8. (a) The department may approve or disapprove the plan of charter conversion filed under section 7 of this chapter. (b) Solicitation of the votes of voting parties may occur before receipt of the approval of the department. (c) The department may not approve the plan of ch…

Ind. Code § 28-1-31-9 Resulting commercial bank; rights, privileges, and duties

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Sec. 9. Upon conversion of an out-of-state financial institution, the resulting commercial bank: (1) possesses all of the rights, privileges, immunities, and powers of a commercial bank; (2) unless otherwise provided in this chapter, is subject to all of the duties, restrictions,…