Section 27-15-16-1 - Parent companyA parent company under this article:
(1) shall locate its executive offices in Indiana;(2) shall employ at least five hundred (500) persons or a substantial percentage of its workforce in Indiana;(3) shall be organized under the laws of Indiana; and(4) may be:(A) a corporation organized for the purpose of serving as a holding company for the former mutual or a corporation that, before the conversion, was a subsidiary of the converting mutual; or(B) any other existing or newly created corporation.As added by P.L. 94-1999, SEC.3.