Title 28, FINANCIAL INSTITUTIONS

Sec. 24. (a) As used in this section, "rights and privileges" means the power: (1) to: (A) create; (B) deliver; (C) acquire; or (D) sell; a product, a service, or an investment that is available to or offered by; or (2) to engage in mergers, consolidations, reorganizations, or ot…

Sec. 25. With respect to a residential real property financing or refinancing, a savings bank shall comply with IC 6-1.1-12-43. As added by P.L.64-2004, SEC.31.

Sec. 26. (a) Unless otherwise provided in an agreement or a trust, a savings bank that holds funds or property as a fiduciary may use the funds or property to purchase from the savings bank or an affiliate of the savings bank a product, service, or security, including an insuranc…

Sec. 3. (a) A savings bank may loan money. (b) Subject to any regulation, rule, policy, or guidance adopted by the department, pursuant to its lending authority, a savings bank may engage directly or indirectly in any tax equity finance transaction permissible for a national bank…

Sec. 4. A savings bank may borrow money and do the following: (1) Issue notes, bonds, or debentures to evidence that borrowing. (2) Mortgage, pledge, or hypothecate any of its assets to secure the repayment of that money. As added by P.L.42-1993, SEC.72.

Sec. 5. (a) A savings bank may receive savings deposits and, subject to subsection (b), demand deposits. (b) If a savings bank accepts demand deposits, the savings bank shall establish and maintain the reserve balances prescribed by law applicable to banks and trust companies or …

Sec. 6. A savings bank may receive deposits of securities or other personal property from any person or corporation, upon terms agreed upon by the parties. As added by P.L.42-1993, SEC.72.

Sec. 7. A savings bank may contract for and receive on loans and discounts the highest rate of interest allowed to be contracted for and received by individuals. As added by P.L.42-1993, SEC.72.

Sec. 8. A savings bank may accept for future payment drafts drawn upon the savings bank by its customers and may issue letters of credit with a specific expiration date authorizing the holders of the letters to draw drafts upon the savings bank or its correspondents at sight or o…

Sec. 9. A savings bank may exercise all the powers incidental, proper, necessary, or usual in carrying on a general banking business, but it may not issue bills to circulate as money. As added by P.L.42-1993, SEC.72.

Sec. 1. Each mutual holding company shall furnish, in the manner and in the form prescribed by the director, an annual report for: (1) the fiscal year in which it becomes a mutual holding company; and (2) each fiscal year during which it remains a mutual holding company. Addition…

Sec. 2. The department may examine any mutual holding company and each of its subsidiaries. The department may rely on examination reports made by the primary federal or state supervisor of a subsidiary financial institution of a mutual holding company. As added by P.L.122-1994, …

Sec. 3. The provisions of IC 28-11 and IC 28-13 apply to a mutual holding company as if the mutual holding company were a mutual savings bank. As added by P.L.122-1994, SEC.101.

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 o…

Sec. 1. (a) As used in this chapter, "corporation" means: (1) a bank; (2) a trust company; (3) a corporate fiduciary; (4) a savings bank organized, reorganized, or formed as a result of a conversion after December 31, 1992; (5) a savings association; or (6) an industrial loan and…

Sec. 10. Upon the filing of the articles of merger, the secretary of state shall: (1) endorse the approval of the secretary of state upon each of the copies of the articles; (2) retain one (1) copy of the articles; (3) issue a certificate of merger; and (4) return the remaining c…

Sec. 11. The consolidation of any two (2) or more corporations, as authorized in section 1 of this chapter, shall be effected in the following manner. The board of directors of each corporation shall, by a resolution adopted by a majority vote of the members of such board, approv…

Sec. 12. (a) After the resolution approving a joint agreement of consolidation has been adopted by the board of directors of each of the corporations, the resolutions and joint agreement shall be submitted to the department. The department may, in its discretion, approve or disap…

Sec. 13. The agreement of consolidation shall be submitted to a vote of the shareholders of each corporation and shall be adopted upon receiving the same affirmative votes, and the adoption shall be followed by the same notice to shareholders as is prescribed in sections 3, 5, an…

Sec. 15. Upon the adoption of the agreement of consolidation, the agreement shall be signed as provided in section 8 of this chapter. Formerly: Acts 1933, c.40, s.128. As amended by P.L.263-1985, SEC.33; P.L.122-1994, SEC.53.

Sec. 16. Upon the execution of the agreement of consolidation by all of the corporations that are parties to the agreement, articles of consolidation shall be executed and filed with the secretary of state. The articles of consolidation must set forth the factors prescribed in se…

Sec. 17. Upon the filing of the articles of consolidation, the secretary of state shall: (1) endorse the approval of the secretary of state upon each of the copies of the articles; (2) retain one (1) copy of the articles; (3) issue a certificate of consolidation and incorporation…

Sec. 18. Upon the issuance of a certificate of merger or a certificate of consolidation and incorporation by the secretary of state, the merger or consolidation, as the case may be, shall be effected. Formerly: Acts 1933, c.40, s.131.

Sec. 19. When any such merger or consolidation shall have been effected, as provided in this chapter: (1) the several corporations which are parties to the agreement of merger or of consolidation shall be a single corporation, which shall be: (A) in case of a merger, the survivin…

Sec. 2. The merger of any two (2) or more corporations shall be effected in the following manner. The board of directors of each corporation shall, by a resolution, approve a joint agreement of merger setting forth the following: (a) The names of the corporations proposing to mer…

Sec. 20. The surviving or new corporation resulting from a merger or consolidation shall, within ten (10) days after such merger or consolidation becomes effective, file for record one (1) of the copies of the articles of merger or consolidation bearing the endorsement of the app…

Sec. 21. (a) This section does not apply to a shareholder of a: (1) mutual savings bank; or (2) mutual savings association; that is the subject of a proposed merger or consolidation under this chapter. (b) A shareholder entitled to vote on the adoption of an agreement of merger o…

Sec. 22. If any bank, bank of discount and deposit, trust company, savings bank, corporate fiduciary, or savings association: (1) is acting as the administrator, coadministrator, executor, coexecutor, trustee, or cotrustee of or in respect to any estate or trust, or as guardian o…

Sec. 23. Nothing done in connection with the consolidation or merger of any two (2) or more banks, banks of discount and deposit, trust companies, savings banks, corporate fiduciaries, or building and loan associations shall be deemed to be or to effect a renunciation or revocati…

Sec. 25. (a) A savings bank organized before January 1, 1993, may request that the department order the savings bank to merge, consolidate, or join with an acquiring institution that is a bank, bank of discount and deposit, savings bank formed after December 31, 1992, savings ass…

Sec. 3. The resolutions of the boards of directors shall direct that the agreement be submitted to a vote of the shareholders of the corporations at an annual or a special meeting. If the meeting is to be an annual meeting, notice of the submission of the agreement shall be inclu…

Sec. 4. (a) After the resolutions approving a joint agreement of merger have been adopted by the board of directors of each of the corporations, such resolutions and joint agreement shall be submitted for approval by the department. Subject to any approvals required under federal…

Sec. 5. The agreement of merger shall be submitted to a vote of the shareholders of each corporation, at the meeting directed by the resolution of the board of directors of each corporation, and the agreement shall be adopted by each corporation upon receiving the affirmative vot…

Sec. 6. The secretary or cashier of each corporation shall promptly deliver or mail a written or printed notice of the adoption of the agreement and the approval by the department to each shareholder of record. Formerly: Acts 1933, c.40, s.119; Acts 1965, c.356, s.5. As amended b…

Sec. 8. (a) After the adoption of the agreement of merger by the shareholders, the agreement shall be signed on behalf of each corporation by: (1) its president or a vice president; and (2) its secretary or cashier. (b) If the department considers it to be advisable and in the be…

Sec. 9. (a) After the signing of the agreement of merger under section 8 of this chapter, articles of merger shall be executed and filed in the manner provided in this section, setting forth: (1) the agreement of merger; (2) the fact that the merger has been approved by the depar…

Sec. 1. Any bank, trust company, or corporate fiduciary organized under the laws of the state of Indiana or of the United States of America and operating a bank, trust company, or corporate fiduciary which is located within the state of Indiana, which is acting on December 12, 19…

Sec. 2. The court in which said estate, trust, receivership, action, matter, or proceeding is pending may, at the time it is filed or instituted, refuse to permit said fiduciary to take advantage and have the benefits of section 1 of this chapter or may, at any time during the pe…

Sec. 3. After said hearing shall have been held, the court shall enter an order either: (1) permitting said fiduciary to continue to act as such, in accordance with the provisions of section 1 of this chapter; or (2) requiring it to file, within the time fixed by the court, the b…

Sec. 4. If any bond, which is ordered filed in accordance with the provisions of section 3 of this chapter, is not filed within the time so fixed by the court, the order appointing said fiduciary or permitting it to act as such in said estate, trust, receivership, action, matter,…

Sec. 1. As used in this chapter, "charges", with respect to a virtual currency transaction, means: (1) fees or expenses paid by a user to the operator of a virtual currency kiosk as compensation for the operator's facilitation of the virtual currency transaction; and (2) the diff…

Sec. 2. As used in this chapter, "operate", with regard to a virtual currency kiosk, means to use the virtual currency kiosk to remotely conduct or facilitate virtual currency transactions through the virtual currency kiosk: (1) on behalf of users of the virtual currency kiosk; a…

Sec. 3. As used in this chapter, "operator", with regard to a virtual currency kiosk, means a person that: (1) owns; or (2) engages in the business of operating; the virtual currency kiosk, regardless of whether the person provides custodial or noncustodial services with regard t…

Sec. 4. As used in this chapter, "user" means an individual that initiates a virtual currency transaction through a virtual currency kiosk for the purpose of the individual's purchase, sale, transfer, or exchange of virtual currency. As added by P.L.143-2026, SEC.2.

Sec. 5. As used in this chapter, "virtual currency" means a natively electronic asset that: (1) confers economic, proprietary, or access rights or powers; and (2) is recorded using cryptographically secured distributed ledger technology, or an analogous technology. As added by P.…

Sec. 6. As used in this chapter, "virtual currency kiosk" means an electronic terminal through which the operator of the electronic terminal is able to conduct or facilitate a virtual currency transaction on behalf of a third party, including by: (1) connecting to a separate virt…