yourstate.us
Home / Indiana / Financial Institutions
Ind. Code § 28-1-7.5-12

Separate and distinct corporations; effect upon liability

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

Get this as JSONEmbed this
Cite this
Citation
Ind. Code § 28-1-7.5-12, Separate and distinct corporations; effect upon liability, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1665623
Permanent ID
ys:prov:1665623@1
SHA-256
1a32db0e670d4b7e7523ef5d11b5dec96df533b7e079f9c86589c065e4cc6bf7

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

Sec. 12. The bank, trust company, corporate fiduciary, or stock savings bank and the holding company are separate and distinct corporations. Notwithstanding any acts or omissions of the officers, directors, or shareholders of the corporations, neither of the corporations has any liability to the creditors, depositors, or shareholders of the other.