Indiana Code
Chapter 3.1. Liquidation of Financial Institutions
28-1-3.1-21. Troubled or Insolvent Financial Institutions; Federal Supervisory Agencies; Department's Authority to Approve Transactions

Sec. 21. Whenever a federal supervisory agency is bidding, consolidating, merging, selling, or otherwise resolving or disposing of a troubled, an insolvent, or an imminently insolvent financial institution, the director of the department may approve any transaction, including the purchase of assets, the assumption of liabilities, a merger, or the formation of a new financial institution, if the transaction requires the approval of the department.
As added by P.L.42-1993, SEC.24. Amended by P.L.11-1998, SEC.1; P.L.35-2010, SEC.110.

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Structure Indiana Code

Indiana Code

Title 28. Financial Institutions

Article 1. Department of Financial Institutions

Chapter 3.1. Liquidation of Financial Institutions

28-1-3.1-1. Definitions

28-1-3.1-2. Authority of Department to Take Possession of Business and Property; Conditions; Duties of Department

28-1-3.1-3. Holding Business and Property Until Liquidation of Affairs

28-1-3.1-4. Notice; Entry of Cause; Hearing; Record; Rights and Liabilities of Persons Interested; Federal Deposit Insurance Corporation as Receiver

28-1-3.1-5. Receiver; Appointment; Vesting of Title to All Assets and Right to Terminate Affairs of Institution; Liens or Claims Against Property

28-1-3.1-6. Receiver; Authority