Ind. Code § 28-6.2-1-3
"Acting in concert" defined
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
Cite this
- Citation
- Ind. Code § 28-6.2-1-3, "Acting in concert" defined, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1666463
- Permanent ID
ys:prov:1666463@1- SHA-256
df582ef57c8fe3a7c335b5cdf18dc43e43a34f072913eb534ce2217c57baba53
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. 3.
(a) "Acting in concert" means:
(1) knowing participation in a joint activity or interdependent conscious parallel action towards a common goal, whether or not under an express agreement; or
(2) a combination of pooling of voting or other interests in the securities of an issuer for a common purpose pursuant to any contract, understanding, relationship, agreement, or other arrangement, whether written or otherwise.
(b) A person or company that acts in concert with another person or company is acting in concert with any person or company who is also acting in concert with that other party, except that:
(1) an employee stock benefit plan is not acting in concert with its trustee or a person who serves in a similar capacity solely for the purpose of determining whether stock held by the trustee and stock held by the plan will be aggregated; and
(2) no officer or director of a savings bank or savings bank affiliate is acting in concert with any other officer or director of the savings bank or affiliate by reason of the service of the officer or director in those capacities.