reglab/housing_qa huggingface dataset:
IN Code § 28-1-5-15 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 5. Banks, Trust Companies, and Building and Loan Associations Generally|28-1-5-15. Books of Accounts; Minutes; Stock Transfer Book

Sec. 15. Every corporation shall keep correct and complete books of accounts and minutes of the proceedings of its shareholders, directors, executives and/or finance committees, and it shall likewise keep, at its principal office, an original or a duplicate stock transfer book and/or records giving the names and addresses of all shareholders and the number of shares held by each.Formerly: Acts 1933, c.40, s.102; Acts 1935, c.5, s.20.
IN Code § 28-1-5-16 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 5. Banks, Trust Companies, and Building and Loan Associations Generally|28-1-5-16. Requirement to Provide Property Tax Information in Certain Transactions

Sec. 16. With respect to a residential real property financing or refinancing, a corporation shall comply with IC 6-1.1-12-43.As added by P.L.64-2004, SEC.29.
IN Code § 28-1-7-0.5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-0.5. Approval of Department Not Required

Sec. 0.5. The approval of the department of an:(1) agreement of merger; or(2) agreement of consolidation;is not required under this chapter if the corporation surviving the merger or consolidation is an institution organized or reorganized under the laws of the United States or a state (as defined in IC 28-2-17-19) other than Indiana.As added by P.L.122-1994, SEC.41. Amended by P.L.171-1996, SEC.2.
IN Code § 28-1-7-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-1. "Corporation", "Shareholder"; Authority to Merge or Consolidate; Transactions Involving Savings Banks; Merger or Consolidation of Corporation and Affiliate

Sec. 1. (a) As used in this chapter, "corporation" means:(1) a bank;(2) a trust company;(3) a corporate fiduciary;(4) a savings bank organized, reorganized, or formed as a result of a conversion after December 31, 1992;(5) a savings association; or(6) an industrial loan and investment company that maintains federal deposit insurance.(b) As used in this chapter, "shareholder", with respect to a:(1) mutual savings bank; or(2) mutual savings association;refers to a member of the mutual savings bank or mutual savings association.(c) Any two (2) or more corporations that are organized or reorganized under the laws of any state (as defined in IC 28-2-17-19) or of the United States may merge into one (1) of such corporations, or may consolidate into a new corporation, to be organized under IC 28-12, by complying with the provisions of this chapter.(d) A savings bank organized before January 1, 1993, may under section 25 of this chapter merge, consolidate, or join together with a bank or trust company. Except as provided in section 25 of this chapter, all other provisions of this chapter apply to the merger, consolidation, or joining together.(e) A corporation organized or reorganized under the laws of a state (as defined in IC 28-2-17-19) or of the United States may merge or consolidate with one (1) or more of its affiliates (as defined in IC 28-1-18.2-1) by complying with all the provisions of this chapter. In effecting a merger or consolidation between a corporation and an affiliate, this chapter applies as if the affiliate were a corporation except that a noncorporation survivor of a merger or consolidation does not retain powers of the corporation.Formerly: Acts 1933, c.40, s.114; Acts 1935, c.5, s.23. As amended by P.L.263-1983, SEC.1; P.L.122-1994, SEC.42; P.L.262-1995, SEC.9; P.L.171-1996, SEC.3; P.L.192-1997, SEC.2; P.L.79-1998, SEC.36; P.L.35-2010, SEC.112; P.L.27-2012, SEC.38; P.L.13-2013, SEC.71.
IN Code § 28-1-7-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-2. Manner of Effecting Merger

Sec. 2. The merger of any two (2) or more corporations shall be effected in the following manner. The board of directors of each corporation shall, by a resolution, approve a joint agreement of merger setting forth the following:(a) The names of the corporations proposing to merge, and the name of the corporation into which such corporations propose to merge.(b) The terms and conditions of the proposed merger.(c) The manner and basis of converting the shares of the capital stock of each corporation into the shares of the surviving corporation, or, in whole or in part, into cash, property, shares, or other securities or obligations of any other corporation.(d) A restatement of such provisions of the articles of incorporation of the surviving corporation as may be deemed necessary.(e) Such other provisions with respect to the proposed merger as may be deemed necessary.Formerly: Acts 1933, c.40, s.115. As amended by Acts 1979, P.L.257, SEC.1; P.L.141-1984, SEC.3; P.L.122-1994, SEC.43.
IN Code § 28-1-7-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-3. Resolution of Approving Agreement; Direction for Submission to Vote of Shareholders

Sec. 3. The resolutions of the boards of directors shall direct that the agreement be submitted to a vote of the shareholders of the corporations at an annual or a special meeting. If the meeting is to be an annual meeting, notice of the submission of the agreement shall be included in the notice of the annual meeting. If the meeting is a special meeting, the special meeting shall be called by the resolution designating the meeting, and notice of the meeting shall be given at the time and in the manner provided in IC 28-13-5-8. A copy of the proposed agreement of merger shall be included with the notice of the annual or special meeting.Formerly: Acts 1933, c.40, s.116; Acts 1965, c.356, s.4. As amended by P.L.263-1985, SEC.26; P.L.14-1992, SEC.67; P.L.122-1994, SEC.44.
IN Code § 28-1-7-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-4. Merger; Submission of Resolutions and Joint Agreement to Department; Approval or Disapproval

Sec. 4. (a) After the resolutions approving a joint agreement of merger have been adopted by the board of directors of each of the corporations, such resolutions and joint agreement shall be submitted for approval by the department. Subject to any approvals required under federal law, the department may, in its discretion, approve or disapprove the resolution and joint agreement.(b) In deciding whether to approve or disapprove a resolution and joint agreement under this section, the department shall consider the following factors:(1) Whether the institution resulting from the proposed transaction will be operated in a safe, sound, and prudent manner.(2) Whether the financial condition of any institution subject to the proposed transaction will jeopardize the financial stability of any other institutions subject to the proposed transaction.(3) Whether the proposed transaction under this chapter will result in an institution that has inadequate capital, unsatisfactory management, or poor earnings prospects.(4) Whether the proposed transaction, in the department's judgment and considering the available information under the prevailing circumstances, will result in an institution that is more favorable to the stakeholders than if the entities were to remain separate.(5) Whether the management or other principals of the institution that will result from the proposed transaction under this chapter are qualified by character and financial responsibility to control and operate in a legal and proper manner the resulting institution.(6) Whether the institutions subject to the proposed transaction under this chapter furnish all the information the department requires in reaching the department's decision.Formerly: Acts 1933, c.40, s.117. As amended by P.L.263-1985, SEC.27; P.L.14-1992, SEC.68; P.L.122-1994, SEC.45; P.L.171-1996, SEC.4; P.L.90-2008, SEC.21; P.L.35-2010, SEC.113; P.L.27-2012, SEC.39; P.L.73-2016, SEC.15.
IN Code § 28-1-7-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-5. Submission of Merger Agreement; Vote Required

Sec. 5. The agreement of merger shall be submitted to a vote of the shareholders of each corporation, at the meeting directed by the resolution of the board of directors of each corporation, and the agreement shall be adopted by each corporation upon receiving the affirmative votes of the holders of a majority of the outstanding shares of the capital stock of the corporation. A mutual savings association or mutual savings bank shall adopt the agreement upon receiving the affirmative vote of fifty-one percent (51%) or more of the votes cast at the meeting called to consider such agreement of merger.Formerly: Acts 1933, c.40, s.118; Acts 1959, c.348, s.1. As amended by P.L.122-1994, SEC.46; P.L.79-1998, SEC.37; P.L.90-2008, SEC.22.
IN Code § 28-1-7-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-6. Notice of Adoption of Agreement and Approval by Department

Sec. 6. The secretary or cashier of each corporation shall promptly deliver or mail a written or printed notice of the adoption of the agreement and the approval by the department to each shareholder of record.Formerly: Acts 1933, c.40, s.119; Acts 1965, c.356, s.5. As amended by P.L.122-1994, SEC.47.
IN Code § 28-1-7-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-8. Execution of Merger Agreement; Administrative Approval; Abandonment of Planned Merger

Sec. 8. (a) After the adoption of the agreement of merger by the shareholders, the agreement shall be signed on behalf of each corporation by:(1) its president or a vice president; and(2) its secretary or cashier.(b) If the department considers it to be advisable and in the best interests of the creditors and shareholders of any two (2) or more merging corporations, the corporations may merge by complying with the provisions of this chapter other than sections 3 and 5 of this chapter. However, in a merger under this subsection, waivers of the notice of meetings provided for in sections 3 and 5 of this chapter shall be procured from a majority of the shareholders of each of the merging corporations.(c) A proposed merger may be abandoned (subject to contractual rights), without further shareholder action, in accordance with the procedure set forth in the agreement of merger or, if none is set forth, in the manner determined by the board of directors for the corporation that seeks to abandon the merger.Formerly: Acts 1933, c.40, s.121; Acts 1965, c.356, s.7. As amended by P.L.263-1985, SEC.28; P.L.256-1989, SEC.2; P.L.122-1994, SEC.48.
IN Code § 28-1-7-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-9. Execution and Filing Articles of Merger

Sec. 9. (a) After the signing of the agreement of merger under section 8 of this chapter, articles of merger shall be executed and filed in the manner provided in this section, setting forth:(1) the agreement of merger;(2) the fact that the merger has been approved by the department;(3) the signatures of the corporations that are parties to the agreement;(4) the manner of its adoption; and(5) the vote by which adopted by each of the corporations.(b) The articles of merger shall be signed on behalf of each corporation by its president or a vice president and by its secretary or cashier and shall be acknowledged before a notary public. The articles of merger shall then be filed with the secretary of state.Formerly: Acts 1933, c.40, s.122. As amended by P.L.263-1985, SEC.29; P.L.122-1994, SEC.49.
IN Code § 28-1-7-10 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-10. Articles of Merger; Approval by Secretary of State; Issuance of Certificate of Merger

Sec. 10. Upon the filing of the articles of merger, the secretary of state shall:(1) endorse the approval of the secretary of state upon each of the copies of the articles;(2) retain one (1) copy of the articles;(3) issue a certificate of merger; and(4) return the remaining copies of the approved articles, together with the certificate of merger, to the surviving corporation or its designated agent.Formerly: Acts 1933, c.40, s.123. As amended by P.L.122-1994, SEC.50.
IN Code § 28-1-7-11 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-11. Consolidation; Resolution Approving Joint Agreements; Contents

Sec. 11. The consolidation of any two (2) or more corporations, as authorized in section 1 of this chapter, shall be effected in the following manner. The board of directors of each corporation shall, by a resolution adopted by a majority vote of the members of such board, approve a joint agreement of consolidation setting forth the following:(a) The names of the corporations proposing to consolidate and the name of the new corporation into which they propose to consolidate, hereinafter designated as the new corporation.(b) The terms and conditions of the proposed consolidation and the manner of carrying such consolidation into effect.(c) The manner and basis of converting the shares of the capital stock of each corporation into the shares of the new corporation.(d) With respect to the new corporation, all of the statements required by IC 28-12-2 to be set forth in original articles of incorporation for corporations formed under this article.(e) Such other provisions with respect to the proposed consolidation as may be deemed necessary or desirable.Formerly: Acts 1933, c.40, s.124. As amended by P.L.263-1985, SEC.30; P.L.14-1992, SEC.69.
IN Code § 28-1-7-12 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-12. Consolidation; Submission of Resolutions and Joint Agreement to Department; Approval or Disapproval

Sec. 12. (a) After the resolution approving a joint agreement of consolidation has been adopted by the board of directors of each of the corporations, the resolutions and joint agreement shall be submitted to the department. The department may, in its discretion, approve or disapprove the resolutions and joint agreement.(b) In deciding whether to approve or disapprove a transaction under this chapter, the department shall consider the following factors:(1) Whether the institution resulting from the proposed transaction will be operated in a safe, sound, and prudent manner.(2) Whether the financial condition of any institution subject to the proposed transaction will jeopardize the financial stability of any other institutions subject to the proposed transaction.(3) Whether the proposed transaction under this chapter will result in an institution that has inadequate capital, unsatisfactory management, or poor earnings prospects.(4) Whether the management or other principals of the institution that will result from the proposed transaction under this chapter are qualified by character and financial responsibility to control and operate in a legal and proper manner the resulting institution.(5) Whether the public convenience and advantage will be served by the resulting institution after the proposed transaction.(6) Whether the institutions subject to the proposed transaction under this chapter furnish all the information the department requires in reaching the department's decision.Formerly: Acts 1933, c.40, s.125; Acts 1945, c.348, s.24. As amended by P.L.263-1985, SEC.31; P.L.14-1992, SEC.70; P.L.122-1994, SEC.51; P.L.171-1996, SEC.5; P.L.90-2008, SEC.23; P.L.73-2016, SEC.16.
IN Code § 28-1-7-13 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-13. Shareholders' Votes on Consolidation Agreements

Sec. 13. The agreement of consolidation shall be submitted to a vote of the shareholders of each corporation and shall be adopted upon receiving the same affirmative votes, and the adoption shall be followed by the same notice to shareholders as is prescribed in sections 3, 5, and 6 of this chapter, as if the consolidation were a merger.Formerly: Acts 1933, c.40, s.126. As amended by P.L.263-1985, SEC.32; P.L.122-1994, SEC.52; P.L.90-2008, SEC.24.
IN Code § 28-1-7-15 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-15. Execution of Agreement

Sec. 15. Upon the adoption of the agreement of consolidation, the agreement shall be signed as provided in section 8 of this chapter.Formerly: Acts 1933, c.40, s.128. As amended by P.L.263-1985, SEC.33; P.L.122-1994, SEC.53.
IN Code § 28-1-7-16 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-16. Execution and Filing Articles of Consolidation

Sec. 16. Upon the execution of the agreement of consolidation by all of the corporations that are parties to the agreement, articles of consolidation shall be executed and filed with the secretary of state. The articles of consolidation must set forth the factors prescribed in section 9 of this chapter as if the consolidation was a merger.Formerly: Acts 1933, c.40, s.129. As amended by P.L.263-1985, SEC.34; P.L.122-1994, SEC.54.
IN Code § 28-1-7-17 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-17. Secretary of State; Approval of Articles of Consolidation; Issuance of Certificates of Consolidation and Incorporation

Sec. 17. Upon the filing of the articles of consolidation, the secretary of state shall:(1) endorse the approval of the secretary of state upon each of the copies of the articles;(2) retain one (1) copy of the articles;(3) issue a certificate of consolidation and incorporation to the new corporation; and(4) return the remaining copies of the approved articles of consolidation, together with the certificate of consolidation and incorporation, to the new corporation or to its designated agent.Formerly: Acts 1933, c.40, s.130. As amended by P.L.122-1994, SEC.55.
IN Code § 28-1-7-18 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-18. Effective Date of Merger or Consolidation

Sec. 18. Upon the issuance of a certificate of merger or a certificate of consolidation and incorporation by the secretary of state, the merger or consolidation, as the case may be, shall be effected.Formerly: Acts 1933, c.40, s.131.
IN Code § 28-1-7-20 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-20. Recording Articles of Merger or Consolidation

Sec. 20. The surviving or new corporation resulting from a merger or consolidation shall, within ten (10) days after such merger or consolidation becomes effective, file for record one (1) of the copies of the articles of merger or consolidation bearing the endorsement of the approval of the secretary of state, or a copy of such agreement and endorsement certified by the secretary of state, in the office of the recorder of each county in which the principal office of any of the corporations that are parties to the agreement is located.Formerly: Acts 1933, c.40, s.133. As amended by P.L.263-1985, SEC.36; P.L.14-1992, SEC.71; P.L.122-1994, SEC.56.
IN Code § 28-1-7-22 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-22. Effect of Merger or Consolidation Upon Fiduciary Status of Party

Sec. 22. If any bank, bank of discount and deposit, trust company, savings bank, corporate fiduciary, or savings association:(1) is acting as the administrator, coadministrator, executor, coexecutor, trustee, or cotrustee of or in respect to any estate or trust, or as guardian of any person or estate which is being administered under the laws of this state; or(2) has been named or designated as such in any will or other executed writing;such relation, and all other similar fiduciary relations, and all rights, privileges, duties, and obligations shall remain unimpaired, and shall continue with the surviving or single corporation, from the effective date of the merger or consolidation.Formerly: Acts 1933, c.40, s.135. As amended by P.L.122-1994, SEC.57; P.L.262-1995, SEC.11; P.L.79-1998, SEC.38.
IN Code § 28-1-7-23 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 1. Department of Financial Institutions|Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations|28-1-7-23. Effect of Merger or Consolidation Upon Letters of Administration or Letters Testamentary

Sec. 23. Nothing done in connection with the consolidation or merger of any two (2) or more banks, banks of discount and deposit, trust companies, savings banks, corporate fiduciaries, or building and loan associations shall be deemed to be or to effect a renunciation or revocation of any letters of administration or letters testamentary, pertaining to such relation, nor a removal or resignation from any such executorship or trusteeship or any other fiduciary relationship.Formerly: Acts 1933, c.40, s.136. As amended by P.L.122-1994, SEC.58; P.L.262-1995, SEC.12.