Sec. 3. (a) In making the examination of a bank or trust company, the department shall include an examination of the affairs of all the bank or trust company's affiliates necessary to disclose fully the relations between the bank or trust company and its affiliates, and the effect of those relations upon the affairs of the bank or trust company.
(b) The department may publish the report of its examination of a bank or trust company, or an affiliate, which has not, within one hundred and twenty (120) days after notification of the recommendations or suggestions of the department, based on the examination, complied with the recommendations or suggestions to the department's satisfaction. The department must give the bank or trust company or the affiliate ninety (90) days notice prior to publication of a report under this subsection.
As added by P.L.33-1991, SEC.18.
Structure Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions
Chapter 18.2. Examination of Affiliates
28-1-18.2-1. "Affiliate" Defined; Scope of Term
28-1-18.2-1.1. "Company" Defined
28-1-18.2-1.2. "Subsidiary" Defined
28-1-18.2-1.3. Control Over Another Company; Fiduciary Ownership or Control of Shares
28-1-18.2-4. Powers of Department; Assessment of Expenses; Penalty for Refusal to Permit Examination
28-1-18.2-5. Applicability of Certain Provisions of Federal Reserve Act and Regulations; Violations