reglab/housing_qa huggingface dataset:
IN Code § 28-13-14-18 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 14. Amendment of Articles of Incorporation|28-13-14-18. Effect of Amendment on Existing Rights, Causes of Action, and Proceedings

Sec. 18. (a) An amendment to articles of incorporation does not affect the following:(1) A cause of action existing against or in favor of the corporation.(2) A proceeding to which the corporation is a party.(3) The preexisting rights of persons other than shareholders of the corporation.(b) An amendment changing a corporation's name does not abate a proceeding brought by or against the corporation in its former name.As added by P.L.14-1992, SEC.163.
IN Code § 28-13-15-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 15. Amendment of Bylaws|28-13-15-1. Authority to Amend or Repeal

Sec. 1. Unless the articles of incorporation provide otherwise, only a corporation's board of directors may amend or repeal the corporation's bylaws.As added by P.L.14-1992, SEC.163.
IN Code § 28-13-15-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 15. Amendment of Bylaws|28-13-15-2. Greater Quorum or Voting Requirements; Shareholders Meeting; Directors Prohibited From Action

Sec. 2. (a) If expressly authorized by the articles of incorporation, the shareholders may adopt or amend a bylaw that fixes a greater quorum or voting requirement for shareholders or voting groups of shareholders than is required by this article.(b) A bylaw that fixes a greater quorum or voting requirement for shareholders under subsection (a) may not be adopted, amended, or repealed by the board of directors.As added by P.L.14-1992, SEC.163.
IN Code § 28-13-15-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 15. Amendment of Bylaws|28-13-15-3. Greater Quorum or Voting Requirements; Directors Meeting; Voting Requisites

Sec. 3. (a) A bylaw that fixes a greater than majority quorum or voting requirement for action by the board of directors may be amended or repealed:(1) if originally adopted by the shareholders, only by the shareholders; or(2) if originally adopted by the board of directors, only by the board of directors.(b) A bylaw adopted or amended by the shareholders that fixes a greater than majority quorum or voting requirement for action by the board of directors may provide that the bylaw may be amended or repealed only by a specified vote of either the shareholders or the board of directors.(c) Action by the board of directors under subsection (a)(2) to adopt or amend a bylaw that changes the quorum or voting requirement for action by the board of directors must meet the same quorum requirement and be adopted by the same vote required to take action under the quorum and voting requirement then in effect or proposed to be adopted, whichever is greater.As added by P.L.14-1992, SEC.163.
IN Code § 28-13-16-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 16. Financial Institution Subsidiaries|28-13-16-1. "Qualifying Subsidiary" Defined

Sec. 1. As used in this chapter, "qualifying subsidiary" means a foreign or domestic corporation or limited liability company in which a financial institution has more than fifty percent (50%) ownership.As added by P.L.215-1999, SEC.10.
IN Code § 28-13-16-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 16. Financial Institution Subsidiaries|28-13-16-2. "Nonqualifying Subsidiary" Defined

Sec. 2. As used in this chapter, "nonqualifying subsidiary" means a foreign or domestic corporation or limited liability company in which a financial institution has fifty percent (50%) or less ownership.As added by P.L.215-1999, SEC.10.
IN Code § 28-13-16-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 16. Financial Institution Subsidiaries|28-13-16-3. "Financial Institution" Defined

Sec. 3. As used in this chapter, "financial institution" means:(1) a bank (as defined by IC 28-1-1-3);(2) a savings bank;(3) a savings association; or(4) an industrial loan and investment company that maintains federal deposit insurance.As added by P.L.215-1999, SEC.10.
IN Code § 28-13-16-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 16. Financial Institution Subsidiaries|28-13-16-4. Acquisition or Establishment; Powers of Subsidiary

Sec. 4. (a) A financial institution or any of its subsidiaries may acquire or establish a qualifying subsidiary by providing the department with written notice before acquiring or establishing the subsidiary. The department shall notify the requesting financial institution of the department's receipt of the notice.(b) A subsidiary may exercise a power or engage in an activity permitted to be performed by a financial institution under the same conditions and restrictions as if the power or activity is performed by the financial institution itself, or the activity has been authorized as "activity eligible for notice" procedures under 12 CFR 5.34(e).(c) The qualified subsidiary may exercise or engage in the activity thirty (30) days after the date on which the department receives the notification unless otherwise notified by the department.As added by P.L.215-1999, SEC.10. Amended by P.L.258-2003, SEC.29; P.L.73-2004, SEC.42.
IN Code § 28-13-16-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 16. Financial Institution Subsidiaries|28-13-16-5. Acquiring or Establishing a Nonqualifying Subsidiary; Application

Sec. 5. A financial institution or any of its subsidiaries may acquire or establish a nonqualifying subsidiary by submitting an application to the department containing:(1) a complete description of the financial institution's investment in the subsidiary;(2) the activity to be conducted; and(3) a representation that the activity:(A) could be performed by a financial institution under statutory authority of this title;(B) is a part of or incidental to the business of banking as determined by the director; or(C) has been authorized as "activity eligible for notice" procedures under 12 CFR 5.34(e).The department shall notify the requesting financial institution of the department's receipt of the application.As added by P.L.215-1999, SEC.10. Amended by P.L.73-2004, SEC.43; P.L.10-2006, SEC.77 and P.L.57-2006, SEC.77.
IN Code § 28-13-16-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 16. Financial Institution Subsidiaries|28-13-16-6. Review of Notice or Application; Change in Scope or Nature of Business Activity of Qualifying or Nonqualifying Subsidiary

Sec. 6. (a) The department shall review a financial institution's notice or application to acquire or establish a qualifying or nonqualifying subsidiary to determine:(1) whether the proposed activities are legally permissible; and(2) whether the proposal endangers the safety or soundness of the financial institution.The director shall either approve or disapprove the application for a nonqualifying subsidiary within sixty (60) days after the date on which the department receives the application. The period for approval or disapproval of the application may be extended by the department based on a determination that additional information from the financial institution or additional time for analysis is required.(b) If there will be a change in the scope or nature of the business activity of a qualifying subsidiary of a financial institution, the financial institution shall provide the department with written notice before the change occurs. The department shall notify the requesting financial institution of the department's receipt of the notice and shall review the notice to determine:(1) whether the proposed change is legally permissible; and(2) whether the proposed change endangers the safety or soundness of the financial institution.The qualifying subsidiary may exercise or engage in the proposed activity thirty (30) days after the date on which the department receives the financial institution's notice, as indicated in the department's notice of receipt, unless otherwise notified by the department.(c) If there will be a change in the scope or nature of the business activity of a nonqualifying subsidiary of a financial institution, the financial institution shall submit to the department an application containing a complete description of the proposed change. The department shall notify the requesting financial institution of the department's receipt of the application and shall review the application to determine:(1) whether the proposed change is legally permissible; and(2) whether the proposed change endangers the safety or soundness of the financial institution.The director shall either approve or disapprove the application not later than sixty (60) days after the date on which the department receives the application. The period for approval or disapproval of the application may be extended by the department based on a determination that additional information from the financial institution or additional time for analysis is required.As added by P.L.215-1999, SEC.10. Amended by P.L.90-2008, SEC.79.
IN Code § 28-13-16-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 16. Financial Institution Subsidiaries|28-13-16-7. Subsidiaries Subject to Examination

Sec. 7. (a) Each qualifying subsidiary and nonqualifying subsidiary is subject to examination by the department or the appropriate federal banking supervisory authorities.(b) If, upon examination, the department determines that a qualifying subsidiary or a nonqualifying subsidiary is operating in violation of law, regulation, or written condition or in an unsafe or unsound manner or otherwise threatens the safety and soundness of the financial institution, the department may direct the financial institution or subsidiary to take appropriate remedial action, which may include requiring the financial institution to divest or liquidate the subsidiary or discontinue specified activities.As added by P.L.215-1999, SEC.10.
IN Code § 28-13-16-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 16. Financial Institution Subsidiaries|28-13-16-8. Rules

Sec. 8. The department may adopt rules under IC 4-22-2 or policies to implement this chapter.As added by P.L.215-1999, SEC.10.
IN Code § 28-13-17-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 17. Financial Subsidiary Activities of Financial Institutions|28-13-17-1. "Financial Institution" Defined

Sec. 1. As used in this chapter "financial institution" has the meaning set forth in IC 28-13-16-3.As added by P.L.63-2001, SEC.28 and P.L.134-2001, SEC.30.
IN Code § 28-13-17-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 17. Financial Subsidiary Activities of Financial Institutions|28-13-17-2. "Financial Subsidiary" Defined

Sec. 2. As used in this chapter, "financial subsidiary" means a foreign or domestic corporation or limited liability company that is controlled by one (1) or more financial institutions that engages in a financial subsidiary activity.As added by P.L.63-2001, SEC.28 and P.L.134-2001, SEC.30.
IN Code § 28-13-17-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 17. Financial Subsidiary Activities of Financial Institutions|28-13-17-3. "Financial Subsidiary Activity" Defined

Sec. 3. As used in this chapter, "financial subsidiary activity" means:(1) an activity that has been authorized for a financial subsidiary of a national bank under 12 U.S.C. 24a and that may be conducted by a national bank only through a financial subsidiary; or(2) an activity that has been determined by the department to be financial in nature or incidental to a financial activity.As added by P.L.63-2001, SEC.28 and P.L.134-2001, SEC.30.
IN Code § 28-13-17-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 17. Financial Subsidiary Activities of Financial Institutions|28-13-17-4. "Control" Defined

Sec. 4. As used in this chapter, "control" has the meaning set forth in IC 28-2-13-12.As added by P.L.63-2001, SEC.28 and P.L.134-2001, SEC.30.
IN Code § 28-13-17-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 17. Financial Subsidiary Activities of Financial Institutions|28-13-17-5. "Hold an Interest" Defined

Sec. 5. As used in this chapter, "hold an interest" means the ownership of any equity capital of a financial subsidiary.As added by P.L.63-2001, SEC.28 and P.L.134-2001, SEC.30.
IN Code § 28-13-17-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 17. Financial Subsidiary Activities of Financial Institutions|28-13-17-6. "Equity Capital" Defined

Sec. 6. As used in this chapter, "equity capital" includes, in addition to an equity investment, a debt instrument issued by a financial subsidiary, if the instrument qualifies as capital of the financial subsidiary under any federal or state law, regulation, or interpretation applicable to the financial subsidiary.As added by P.L.63-2001, SEC.28 and P.L.134-2001, SEC.30.
IN Code § 28-13-17-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 17. Financial Subsidiary Activities of Financial Institutions|28-13-17-7. Interest in Financial Subsidiaries Engaged in Financial Subsidiary Activities

Sec. 7. (a) Notwithstanding any other law, but subject to the provisions of this chapter, a financial institution may control or hold an interest in a financial subsidiary that engages in financial subsidiary activities.(b) This section does not require an activity to be conducted through a financial subsidiary that is authorized to be conducted directly by the financial institution.As added by P.L.63-2001, SEC.28 and P.L.134-2001, SEC.30.
IN Code § 28-13-17-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 13. Corporate Governance|Chapter 17. Financial Subsidiary Activities of Financial Institutions|28-13-17-8. Financial Subsidiary Activities Engaged in as Principal or New Financial Subsidiary Activities

Sec. 8. (a) A financial institution may not establish, control, or hold an interest of a financial subsidiary that engages in financial subsidiary activities as principal or commence any new financial subsidiary activity under this section or under 12 U.S.C. 1831w(a) unless the following occur:(1) An application has been filed with the department before the financial subsidiary of the financial institution conducts financial subsidiary activities.(2) The department determines that the financial subsidiary activity poses no significant adverse effects to the safety and soundness of the financial institution and approves the application. An approval under this subdivision may be made subject to conditions and restrictions determined necessary by the department to prevent unsafe or unsound banking practices.(3) The financial institution and the financial subsidiary comply with 12 U.S.C. 371c and 12 U.S.C. 371c-1, as if the subsidiary were a financial subsidiary, as defined in 12 U.S.C. 371c(e)(1).(4) All financial institution affiliates of the financial institution are well-capitalized, as defined in the appropriate capital regulation and guidance of each financial institution's primary federal regulator, and the financial institution complies with the capital deduction requirement in accordance with 12 CFR 362.4(e)(1) through 12 CFR 362.4(e)(3), discloses that capital separation in any published financial statements and does not consolidate the financial subsidiary's assets and liabilities with those of the financial institution in any published financial statements.(5) The financial institution and the financial subsidiary meet the financial and operational safeguards applicable to a financial subsidiary of a national bank conducting the same activities as provided in 12 U.S.C. 24a(d).(b) A financial institution that controls or holds an interest in a financial subsidiary engaged in a financial subsidiary activity must comply with the requirements of subsection (a)(2) through (a)(5), as long as the financial institution's financial subsidiary is engaged in the financial subsidiary activity.As added by P.L.63-2001, SEC.28 and P.L.134-2001, SEC.30.
IN Code § 28-14-1-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 1. Definitions|28-14-1-1. Definitions Applicable to Article

Sec. 1. The definitions in this chapter apply throughout this article.As added by P.L.262-1995, SEC.90.
IN Code § 28-14-1-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 1. Definitions|28-14-1-2. "Acting as a Fiduciary"

Sec. 2. "Acting as a fiduciary" means undertaking to act primarily for the benefit of another. The term includes the following:(1) Acting alone and jointly with others.(2) Acting:(A) as a trustee;(B) as a personal representative;(C) as a registrar of stocks and bonds;(D) as a guardian or conservator of estates;(E) as an assignee;(F) as a receiver;(G) as a custodian;(H) as an investment manager or agent;(I) as a managing agent; or(J) as in any other, similar capacity.As added by P.L.262-1995, SEC.90.
IN Code § 28-14-1-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 1. Definitions|28-14-1-3. "Clearing Corporation"

Sec. 3. "Clearing corporation" has the meaning set forth in IC 26-1-8.1-102.As added by P.L.262-1995, SEC.90. Amended by P.L.176-2019, SEC.64.
IN Code § 28-14-1-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 1. Definitions|28-14-1-4. "Corporate Fiduciary"

Sec. 4. "Corporate fiduciary" has the meaning set forth in IC 28-1-1-3.As added by P.L.262-1995, SEC.90.
IN Code § 28-14-1-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 1. Definitions|28-14-1-5. "Department"

Sec. 5. "Department" refers to the department of financial institutions established by IC 28-11-1.As added by P.L.262-1995, SEC.90.
IN Code § 28-14-1-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 1. Definitions|28-14-1-6. "Director"

Sec. 6. "Director" refers to the director of the department appointed under IC 28-11-2-1.As added by P.L.262-1995, SEC.90.
IN Code § 28-14-1-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 1. Definitions|28-14-1-7. "Person"

Sec. 7. "Person" means an individual, a corporation, a limited liability company, a partnership, or an unincorporated association.As added by P.L.262-1995, SEC.90.
IN Code § 28-14-1-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 1. Definitions|28-14-1-8. "The Trust Business"

Sec. 8. (a) Engaging in "the trust business" means:(1) acting as a fiduciary for hire as one's primary business purpose; or(2) holding oneself out to the public as being willing to act as a fiduciary for hire as one's primary business purpose.(b) Notwithstanding subsection (a), the following persons are not engaged in the trust business with respect to fiduciary services customarily performed by the following persons for compensation as traditionally incident to their regular business activities:(1) Accountants.(2) Attorneys.(3) Banks.(4) Credit unions.(5) Industrial loan companies.(6) Insurance brokers.(7) Insurance companies.(8) Investment advisers.(9) National trust companies organized under the laws of the United States.(10) Real estate brokers and sales agents.(11) Savings and loan associations.(12) Savings banks.(13) Securities brokers and dealers.(14) Real estate title insurance companies.(15) Real estate escrow companies.(16) Persons acting in a fiduciary capacity in activities relating to:(A) a business organization in which the person is an officer or an employee; or(B) an estate where the person is designated as a fiduciary by a will or a court order.(17) Third-party administrators hired by trustees of split-interest charitable trusts, private foundations, charitable pooled income funds, charitable gift annuities, employee benefit plans, or retirement plans.(c) Notwithstanding subsection (a), any individual or any organization described in Section 501 of the Internal Revenue Code is not engaged in the trust business for the purposes of this article.(d) The department may determine that a person not specifically provided for under subsection (b) or (c) is not engaged in the trust business for the purposes of this article.As added by P.L.262-1995, SEC.90.
IN Code § 28-14-1-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 1. Definitions|28-14-1-9. "Subsidiary"

Sec. 9. "Subsidiary" means a foreign or domestic corporation or a limited liability company in which a corporate fiduciary has more than a fifty percent (50%) ownership.As added by P.L.215-1999, SEC.11.
IN Code § 28-14-2-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 2. Application|28-14-2-1. Applicability to Nondepository Trust Company

Sec. 1. A nondepository trust company that was organized under the laws of Indiana before July 1, 1995, is considered a corporate fiduciary.As added by P.L.262-1995, SEC.90.
IN Code § 28-14-2-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 2. Application|28-14-2-2. Powers of Nondepository Trust Company

Sec. 2. A nondepository trust company that is organized under the laws of Indiana after June 30, 1995, has only the powers granted to a corporate fiduciary organized after June 30, 1995.As added by P.L.262-1995, SEC.90.
IN Code § 28-14-3-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 3. Powers and Duties|28-14-3-1. Scope of Chapter

Sec. 1. Subject to the limitations and restrictions set forth in this article and in the articles of incorporation, a corporate fiduciary possesses and may exercise the rights, privileges, and powers provided in this chapter.As added by P.L.262-1995, SEC.90.
IN Code § 28-14-3-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 3. Powers and Duties|28-14-3-2. Corporate Name

Sec. 2. A corporate fiduciary is entitled to perpetual duration and succession of its corporate name.As added by P.L.262-1995, SEC.90.