IC 28-1-7.5 – Formation of Certain Bank Holding Companies | Midpage

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Indiana Code

Chapter 7.5

IC 28-1-7.5

Formation of Certain Bank Holding Companies

1"Holding company" defined 2Acquisition of bank, trust company, corporate fiduciary, or stock savings bank by holding company under plan of exchange 3Resolutions approving plan of exchange; contents; direction for submission to vote of shareholders 4Filing plan of exchange and statement disclosing required information with department 5Public hearing; requisites; procedures 6Approval or disapproval of plan of exchange by department; order; findings of fact; judicial review 7Submission of plan of exchange to shareholders; procedures; voting rights; approval; abandonment 8Dissenting shareholders; demand for payment of value of shares; withdrawal of demand; determination of value; procedures; limitations 9Articles of exchange; requisites; filing; certificate of exchange; issuance; effectiveness of plan 10Plan of exchange; consummation by operation of law; effect 11Redemption by holding company of its outstanding common stock 12Separate and distinct corporations; effect upon liability 13Exemption from requirements of IC 28-1-2-23 14Acquisition under other lawful procedures unaffected 15Limitations of IC 28-2-14 unaffected