1. (a) The board of directors of a bank holding company that adopts a resolution under section 18(c) of this chapter may in that resolution or a subsequent resolution provide that all or a part of the trust business of an Indiana affiliate of the bank holding company may be conducted under an assumed business name specified in the resolution.

2. (b) A copy of the resolution must be:

   1. (1) certified by the secretary or the assistant secretary of the bank holding company;
   2. (2) filed with the department; and

   3. (3) recorded in the county recorder's office:

      1. (A) in each county in which an Indiana affiliate affected by the resolution maintains an office at which trust business is conducted under an assumed business name provided for in the resolution; and

      2. (B) on or before the earlier of:

         1. (i) thirty (30) days after the adoption of the resolution; or
         2. (ii) the first day trust business is conducted in any county under the assumed business name provided for in the resolution.

As added by P.L.196-1991, SEC.1.