(a) An acquisition by a foreign bank holding company of control of an Indiana bank or Indiana bank holding company is exempt from the requirements of IC 28-1-2-23 if the acquisition is made under this chapter.(b) If a bank will be:(1) acquired by a foreign bank holding company; and(2) immediately merged with or consolidated into another bank owned by the acquiring foreign bank holding company;the acquisition of the bank is exempt from the provisions of this chapter.As added by P.L.279-1987, SEC.9. Amended by P.L.262-1995, SEC.61.
Indiana Legal Code