Ind. Code § 28-12-11-1
Requirements for corporations organized or reorganized under this title
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
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- Ind. Code § 28-12-11-1, Requirements for corporations organized or reorganized under this title, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1666976
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Full text
Sec. 1.
(a) This section applies only to a corporation that is organized or reorganized under Indiana law and is any of the following:
(1) A bank and trust company.
(2) A bank.
(3) A savings bank.
(4) A trust company.
(5) A savings association.
(6) An industrial loan and investment company.
(7) A credit union.
(8) A corporate fiduciary.
(9) A bank of discount and deposit.
(10) A loan and trust and safe deposit company.
(b) The department shall determine the minimum amount of the capital of a corporation organized or reorganized under this title after giving consideration to:
(1) the potential deposit liability to be anticipated, in the case of a proposed new corporation; or
(2) the existing deposit liability, in the case of a corporation to be reorganized.