reglab/housing_qa huggingface dataset:
IN Code § 28-2-18-25 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 2. Banks|Chapter 18. Interstate Bank Branching|28-2-18-25. Examination of Branch Operations

Sec. 25. (a) To the extent consistent with subsection (b), the department may make examinations of any branch established and maintained in Indiana pursuant to this chapter by an out-of-state state bank as the department may consider necessary to determine whether the branch is being operated in compliance with the laws of Indiana and in accordance with safe and sound banking practices. The provisions of IC 28-11-3 shall apply to the examinations.(b) The department may enter into cooperative, coordinating, and information-sharing agreements with any organization enumerated in IC 28-11-3-3 with respect to the periodic examination or other supervision of:(1) any branch in Indiana of an out-of-state state bank; or(2) any branch of an Indiana state bank in any host state;and the department may accept the organization's reports of examination and reports of investigation instead of conducting its own examinations or investigations.(c) The department may enter into agreements with any financial institution supervisory agency that has concurrent jurisdiction over an Indiana state bank or an out-of-state state bank operating a branch in Indiana pursuant to this chapter to:(1) engage the services of the agency's examiners at a reasonable rate of compensation; or(2) provide the services of the department's examiners to the agency at a reasonable rate of compensation.Any such agreement shall be entered into under IC 36-1-7.(d) The department may enter into joint examinations or joint enforcement actions with other bank supervisory agencies having concurrent jurisdiction over any branch established and maintained in Indiana by an out-of-state state bank or any branch established and maintained by an Indiana state bank in any host state. The department may at any time take the actions independently if the department considers the actions to be necessary or appropriate to carry out its responsibilities under this chapter or to ensure compliance with the laws of Indiana. In the case of an out-of-state state bank, the department shall recognize:(1) the exclusive authority of the home state regulator over corporate governance matters; and(2) the primary responsibility of the home state regulator with respect to safety and soundness matters.(e) Each out-of-state state bank that maintains one (1) or more branches in Indiana is subject to the provisions of IC 28-11-3-5. The fees may be shared with other financial institution supervisory agencies or any organization affiliated with or representing one (1) or more bank supervisory agencies in accordance with agreements between those parties and the department.(f) For the purposes of this chapter, the provisions of IC 28-1-2-30 apply to the following:(1) An out-of-state bank.(2) An out-of-state savings association.(3) An out-of-state industrial loan and investment company.As added by P.L.171-1996, SEC.37. Amended by P.L.79-1998, SEC.68.
IN Code § 28-2-18-26 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 2. Banks|Chapter 18. Interstate Bank Branching|28-2-18-26. Enforcement Actions

Sec. 26. (a) If the department determines that a branch maintained by an out-of-state state bank in Indiana is being operated:(1) in violation of any provision of Indiana law relating to activities of a bank; or(2) in an unsafe and unsound manner;the department may take all enforcement actions it would be empowered to take if the branch were an Indiana state bank, including but not limited to enforcement actions under IC 28-11-4.(b) The department shall:(1) promptly give notice to the home state regulator of each enforcement action taken under this section against an out-of-state state bank; and(2) to the extent practicable, consult and cooperate with the home state regulator in pursuing and resolving the enforcement action.As added by P.L.171-1996, SEC.37.
IN Code § 28-2-18-27 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 2. Banks|Chapter 18. Interstate Bank Branching|28-2-18-27. Rules

Sec. 27. The department may adopt policies or adopt rules under IC 4-22-2 it determines necessary or appropriate to implement this chapter.As added by P.L.171-1996, SEC.37.
IN Code § 28-2-18-28 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 2. Banks|Chapter 18. Interstate Bank Branching|28-2-18-28. Notice of Actions Causing a Change of Control

Sec. 28. Each out-of-state state bank that has established and maintains a branch in Indiana pursuant to this chapter, or the home state regulator of the bank, shall give at least thirty (30) days prior written notice, or shorter notice as is consistent with applicable state or federal law, to the department of any merger, consolidation, or other transaction that would cause a change of control with respect to the bank or any bank holding company that controls the bank, with the result that an application would be required to be filed pursuant to the federal Change in Bank Control Act of 1978, as amended (12 U.S.C. 1817(j)) or the federal Bank Holding Company Act of 1956, as amended (12 U.S.C. 1841 et seq.) or any successor statutes to those statutes.As added by P.L.171-1996, SEC.37.
IN Code § 28-2-18-30 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 2. Banks|Chapter 18. Interstate Bank Branching|28-2-18-30. Severability

Sec. 30. (a) After May 30, 1997, the provisions of this chapter are severable in the manner provided in IC 1-1-1-8(b).(b) If, after May 30, 1997:(1) any provision of this chapter; or(2) the application of a provision of this chapter;is found by any court in the United States with jurisdiction to be invalid as to any bank, bank holding company, foreign bank, or another person or circumstances, or to be superseded by federal law, the remaining provisions of this chapter shall not be affected and shall continue to apply to any bank, bank holding company, foreign bank, or other person or circumstance.As added by P.L.171-1996, SEC.37.
IN Code § 28-3-1-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 1. Liquidation of Banks|28-3-1-1. Petition; Vote of Shareholders; Order and Bond

Sec. 1. Whenever the directors of any bank organized under the laws of this state, shall desire to liquidate any such bank, they may file a petition with the department of financial institutions for authority so to do. After the filing of any such petition, the said department shall authorize the directors to call a special meeting of the stockholders of such bank, and if the owners of two-thirds (2/3) of the capital stock of such bank shall vote in favor of such liquidation, the directors shall thereupon so notify the department and said department shall thereupon enter an order directing the liquidation of said bank, and shall also provide that a bond be executed in such an amount and with such sureties as the department may approve, for the faithful discharge by the officers of such bank of their respective duties in the liquidation of said bank.Formerly: Acts 1943, c.39, s.1.
IN Code § 28-3-1-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 1. Liquidation of Banks|28-3-1-2. Sequence of Payments; Dissenting Stockholders

Sec. 2. Upon the filing and approval of such bond, the officers of any such bank, shall without delay, proceed with the liquidation of its business by first paying all of its depositors in full, and when all of such depositors have been paid in full, the holders of the capital stock of such bank shall appoint a committee of not more than three (3) persons to completely liquidate and pay all of its other liabilities, and to distribute all the remaining assets of said bank, share and share alike, to the owners of its capital in proportion to the shares of its capital stock respectively owned by them and then outstanding: Provided, however, that the owners of shares of its capital stock who did not approve of such liquidation shall, if they so demand, be paid the full par value of their shares within six (6) months from the time of the filing of such petition and such shares shall be cancelled and said owners shall not be entitled to any further share in any distribution of the assets of said bank.Formerly: Acts 1943, c.39, s.2.
IN Code § 28-3-1-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 1. Liquidation of Banks|28-3-1-3. Surrender of Certificate of Incorporation

Sec. 3. When the affairs of said bank shall have been completely liquidated, its officers shall at once surrender its certificate of incorporation to the secretary of state who shall cancel same, and said certificate shall thereafter be void and of no legal effect.Formerly: Acts 1943, c.39, s.3.
IN Code § 28-3-1-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 1. Liquidation of Banks|28-3-1-4. Alternative Method

Sec. 4. This chapter shall not be construed to repeal any other law providing for the liquidation of banks, but it shall be construed as providing an alternative method for the liquidation of banks.Formerly: Acts 1943, c.39, s.4. As amended by P.L.263-1985, SEC.128.
IN Code § 28-3-2-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 2. Merger─state Banks and National Associations|28-3-2-1. Authority to Convert, Merge, or Consolidate

Sec. 1. (a) Subject to the applicable provisions of IC 28-2-13 or IC 28-2-17, any bank or trust company may convert into or merge or consolidate with a national banking association. Nothing contained in this chapter or in any other law of this state shall be construed to require the approval of any officer, department, or agency of this state as a condition to the right of any bank or trust company to convert into or merge or consolidate with a national banking association. Subject to the applicable provisions of IC 28-2-13 or IC 28-2-17, upon approval by the department of financial institutions any national banking association may convert into or merge or consolidate with a resulting bank or trust company (as defined in IC 28-1-1-3). Approval shall be granted if the department of financial institutions determines by examination of the converting, merging, or consolidating institutions, or otherwise, that the resulting bank or trust company meets the standards as to location, condition of assets, capital structure, and quality of management required of banks and trust companies by IC 28-11-5 or IC 28-2.(b) A savings bank may merge, consolidate, or join together with a national banking association under section 10 of this chapter.Formerly: Acts 1953, c.69, s.1. As amended by P.L.263-1983, SEC.3; P.L.36-1987, SEC.18; P.L.171-1996, SEC.38.
IN Code § 28-3-2-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 2. Merger─state Banks and National Associations|28-3-2-2. Plan of Conversion, Merger, or Consolidation; Required Approvals

Sec. 2. The plan of conversion, merger, or consolidation shall be approved by the board of directors of the bank or trust company and shall be approved by the board of directors of the national banking association. In cases where a national banking association proposes to convert into a resulting bank or trust company, it shall follow the procedure prescribed by the laws of the United States and shall be granted a charter under and pursuant to the provisions of IC 28-1 or IC 28-12 upon filing articles of incorporation on forms prescribed by the director of the department of financial institutions and approved by the holders of at least two-thirds (2/3) of each class of the capital stock of the national banking association and with the approval of the department of financial institutions, as provided in section 1 of this chapter. In cases where a national banking association proposes to merge or consolidate with a resulting bank or trust company, the plan of merger or consolidation shall be in accordance with and subject to, and shall have the effect provided in, IC 28-1 pertaining to the merger and consolidation of banks and trust companies except as otherwise expressly provided in this chapter, but the provisions of IC 28-1-7-21 shall not apply to the extent that the provisions thereof conflict with the laws of the United States pertaining to the rights of dissenting shareholders of any national banking association upon the merger or consolidation of such association with a bank or trust company.Formerly: Acts 1953, c.69, s.2. As amended by P.L.263-1985, SEC.129; P.L.14-1992, SEC.110; P.L.171-1996, SEC.39.
IN Code § 28-3-2-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 2. Merger─state Banks and National Associations|28-3-2-3. Shareholders' Meeting; Completion of Conversion, Merger, or Consolidation

Sec. 3. The board of directors of the bank or trust company and the board of directors of the national banking association shall each give notice of the time, place, and object of the shareholders' meeting, to act upon the plan of conversion, merger, or consolidation, to each of their respective shareholders of record, which notice may be waived specifically by any shareholder. The meeting of the shareholders of a bank or trust company shall be called in accordance with the provisions of IC 28-13, and the meeting of the shareholders of a national banking association shall be called in accordance with the provisions of the laws of the United States. The plan of conversion, merger, or consolidation shall be adopted provided the shareholders of at least two-thirds (2/3) of each class of the capital stock of the bank or trust company and the shareholders of at least two-thirds (2/3) of each class of the capital stock of the national banking association vote affirmatively in favor of such plan. The conversion of a bank or trust company into a national banking association shall be considered as completed upon the issuance of a national bank charter or other evidence of conversion by the comptroller of the currency. The conversion of a national banking association into a state bank shall be considered completed upon the acceptance of articles of incorporation by the department of financial institutions and the issuance of a certificate of incorporation by the secretary of state of the state of Indiana. The merger and consolidation of a bank or trust company with a national banking association shall be considered completed upon filing with the department of financial institutions a certificate of merger or consolidation executed by the comptroller of the currency. The merger and consolidation of a national banking association with a bank or trust company shall be considered completed upon the approval, by the department of financial institutions, of articles of merger or consolidation and the execution of a certificate of merger or consolidation by the secretary of state of the state of Indiana.Formerly: Acts 1953, c.69, s.3. As amended by P.L.263-1985, SEC.130; P.L.171-1996, SEC.40.
IN Code § 28-3-2-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 2. Merger─state Banks and National Associations|28-3-2-4. Termination of Corporate Status of State Bank Merged or Consolidated With National Banking Association

Sec. 4. Whenever any bank or trust company shall have merged or consolidated with a national banking association, such bank or trust company shall thereupon cease to be a corporation under the laws of this state, except that for a term of three (3) years thereafter its corporate existence shall be deemed to continue for the purpose of prosecuting or defending suits by or against it, and of enabling it to close its concerns, and to dispose of and convey its property.Formerly: Acts 1953, c.69, s.4.
IN Code § 28-3-2-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 2. Merger─state Banks and National Associations|28-3-2-5. Effect of Conversion, Merger, or Consolidation on Obligations of State Bank

Sec. 5. The merger or consolidation of a bank or trust company with, or the conversion of a bank or trust company into a national banking association shall not release such bank or trust company from its obligation to pay and discharge all of the liabilities created by law or incurred by such bank or trust company before it was merged or consolidated with, or was converted into a national banking association, or to pay any and all taxes imposed under and by virtue of the laws of this state up to the date on which it was merged or consolidated with or was converted into such national banking association, in proportion to the time which has elapsed since the last preceding payment and assessment therefor, or to pay any and all assessments, penalties and forfeitures imposed or incurred under the laws of this state up to the date on which it is merged or consolidated with, or is converted into a national banking association.Formerly: Acts 1953, c.69, s.5.
IN Code § 28-3-2-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 2. Merger─state Banks and National Associations|28-3-2-6. Effect of Conversion, Merger, or Consolidation on Property, Rights, Privileges, Powers, Duties, and Functions of State Bank

Sec. 6. At the time when the merger or consolidation of a bank or trust company with or the conversion of a bank or trust company into a national banking association, or under such charter as may be issued thereafter, becomes effective, all of the property of such bank or trust company, including all of its rights, title and interest in and to any and all property of whatsoever kind, whether real, personal or mixed, and to things in action, and to every right, privilege, interest and asset of any value or benefit whatsoever, then existing, belonging or pertaining to it, or which would inure to it, shall, immediately, by act of law, and without any conveyance or transfer, and without any further act or deed, be vested in and become the property of such national banking association, which shall have, hold and enjoy the same, in its own right, as fully and to the same extent as the same was possessed, held and enjoyed by such bank or trust company; and such national banking association shall be deemed to be a continuation of the entity and of the identity of such bank or trust company, and all of the rights, obligations and relations of such bank or trust company to or in respect to any person, estate, creditor, depositor, trustee or beneficiary of any trust, and in, or in respect to, any executorship or trusteeship, or in any other trust or fiduciary capacity, or appointment thereto, shall remain unimpaired, and such national banking association, at the time of the taking effect of such merger, consolidation or conversion, shall succeed to all of such rights, obligations, relations, appointments, and trusts, and the duties and liabilities connected therewith, and shall execute and perform each and every such trust or relation in the same manner as though such national banking association had itself been appointed to and/or assumed such trust or relation, including the obligations and liabilities connected therewith.Formerly: Acts 1953, c.69, s.6.
IN Code § 28-3-2-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 2. Merger─state Banks and National Associations|28-3-2-7. Effect of Conversion, Merger, or Consolidation on Fiduciary Relations of State Bank

Sec. 7. If any bank or trust company is acting as the administrator, coadministrator, executor, coexecutor, trustee or cotrustee of or in respect to any estate or trust or guardian of any person or estate which is being administered under the laws of this state, or has been named or designated as such in any will or other writing theretofore executed, such relation, as well as any and all other similar fiduciary relations, and all rights, privileges, duties and obligations connected therewith shall remain unimpaired, and shall continue into and in such national banking association from and as of the time of the taking effect of such merger, consolidation or conversion, irrespective of the date when any such relation shall have been created or established, and irrespective of the date of any agreement relating thereto or of the date of the death of any testator or decedent whose estate is being so administered.Formerly: Acts 1953, c.69, s.7.
IN Code § 28-3-2-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 2. Merger─state Banks and National Associations|28-3-2-8. Effect of Conversion, Merger, or Consolidation on Letters of Administration, Letters Testamentary, or Trusteeship

Sec. 8. Nothing done in connection with the merger or consolidation of any bank or trust company with, or the conversion of any bank or trust company into a national banking association shall be deemed to be or to effect a renunciation or revocation of any letters of administration or letters testamentary, pertaining to such relation, or a removal or resignation from any such executorship or trusteeship or any other fiduciary relationship, nor to be of the same effect as if the executor or trustee or other fiduciary had died or had otherwise become incompetent to act.Formerly: Acts 1953, c.69, s.8.
IN Code § 28-3-2-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 3. Liquidation, Reorganization, and Merger|Chapter 2. Merger─state Banks and National Associations|28-3-2-9. Definitions

Sec. 9. As used in this chapter:(1) the term "bank or trust company" means any bank or trust company organized under the provisions of any statute of this state; and(2) the term "national banking association" means any national bank organized under the laws of the United States.Formerly: Acts 1953, c.69, s.9. As amended by P.L.263-1985, SEC.131; P.L.171-1996, SEC.41.