Ind. Code § 28-2-18-10
"De novo branch" defined
As added by P.L.171-1996, SEC.37.
As used in this chapter, "de novo branch" means a branch of a bank located in a host state that:
- (1) is originally established by the bank as a branch; and
(2) does not become a branch of the bank as a result of:
- (A) the acquisition of another bank or a branch of another bank; or
- (B) the merger, consolidation, or conversion involving any such bank or branch.
As added by P.L.171-1996, SEC.37.