Ind. Code § 28-2-14-6
Control
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
Cite this
- Citation
- Ind. Code § 28-2-14-6, Control, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1666084
- Permanent ID
ys:prov:1666084@1- SHA-256
1f6b8cba99671ada80565b68faac5a2d950fed4cc8bb334360cb4a3949a2322f
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. 6. As used in this chapter, "control" means directly or indirectly:
(1) to own, control, or hold, with power to vote, twenty-five percent (25%) or more of the voting shares of a bank or company;
(2) to control in any manner the election of a majority of the directors or trustees of a bank or company; or
(3) to exercise a controlling influence over the management or policies of a bank or company, as determined by the Board of Governors of the Federal Reserve System after notice and opportunity for hearing.