Sec. 2. (a) A financial institution may not be organized, incorporated, or engage in business in Indiana until the department has approved the following:
(1) The articles of incorporation of the proposed financial institution.
(2) The organization and establishment of the financial institution in the city or town in which the incorporators propose to establish the financial institution.
(b) A person who violates this section commits a Class A misdemeanor.
As added by P.L.42-1993, SEC.91.
Structure Indiana Code
Title 28. Financial Institutions
Article 11. Department of Financial Institutions
Chapter 5. Department Oversight of Organization of a Financial Institution
28-11-5-1. Application of Chapter
28-11-5-3. Applications to Establish Financial Institutions
28-11-5-4. Investigation of Applicant; Disapproval of Application; Submission of Fingerprints
28-11-5-4.5. Background Checks; Fingerprints
28-11-5-5. Hearings on Applications
28-11-5-6. Notice of Applications Subject to Hearings
28-11-5-8. Approval or Disapproval of Applications