Ind. Code § 28-2-18-10

Current through P.L. 171-2024

Section 28-2-18-10 - "De novo branch" defined

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.

IC 28-2-18-10

As added by P.L. 171-1996, SEC.37.