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Ind. Code § 28-1-3.1-21

Troubled or insolvent financial institutions; federal supervisory agencies; department's authority to approve transactions

Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective

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Ind. Code § 28-1-3.1-21, Troubled or insolvent financial institutions; federal supervisory agencies; department's authority to approve transactions, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1665547
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Sec. 21. Whenever a federal supervisory agency is bidding, consolidating, merging, selling, or otherwise resolving or disposing of a troubled, an insolvent, or an imminently insolvent financial institution, the director of the department may approve any transaction, including the purchase of assets, the assumption of liabilities, a merger, or the formation of a new financial institution, if the transaction requires the approval of the department.