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§ 28-1-7-5-12 — Indiana Law | CourtGPT
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  4. Title 28 - Financial Institutions/
  5. Article 1 - Department of Financial Institutions/
  6. Chapter 7.5 - Formation of Certain Bank Holding Companies28-1-7.5-1. "Holding Company" Defined/
  7. § 28-1-7-5-12
Indiana Legal Code

§ 28-1-7-5-12

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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.As added by P.L.238-1983, SEC.10. Amended by P.L.122-1994, SEC.70; P.L.262-1995, SEC.23.