Ind. Code § 28-1-7-0.5
Approval of department not required
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
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- Citation
- Ind. Code § 28-1-7-0.5, Approval of department not required, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1665572
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Full text
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.