1. (a) This section applies only to a corporation that is organized or reorganized under Indiana law and is any of the following:

   1. (1) A bank and trust company.
   2. (2) A bank.
   3. (3) A savings bank.
   4. (4) A trust company.
   5. (5) A savings association.
   6. (6) An industrial loan and investment company.
   7. (7) A credit union.
   8. (8) A corporate fiduciary.
   9. (9) A bank of discount and deposit.
   10. (10) A loan and trust and safe deposit company.

2. (b) The department shall determine the minimum amount of the capital of a corporation organized or reorganized under this title after giving consideration to:

   1. (1) the potential deposit liability to be anticipated, in the case of a proposed new corporation; or
   2. (2) the existing deposit liability, in the case of a corporation to be reorganized.

As added by P.L.42-1993, SEC.92. Amended by P.L.122-1994, SEC.117; P.L.258-2003, SEC.24; P.L.213-2007, SEC.101; P.L.217-2007, SEC.99.