Sec. 8. The board of directors shall cause the corporation to be examined one (1) time each calendar year by a certified public accountant. The board of directors shall submit the examination and a complete statement of the condition of the corporation to the department. The department may require additional information. The department may establish the accounting and auditing standards necessary to define the examination requirements of this section by policy or rule. An examination of a corporation's holding company shall satisfy the requirements of this section if done in accordance with standards prescribed by department policy or rule.
As added by P.L.14-1992, SEC.163.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
Chapter 10. Meetings and Action of Board of Directors
28-13-10-1. Place of Meetings; Participants; Means of Communication; Presumption of Presence
28-13-10-2. Action Taken Without Meeting; Signed Consent; Effect
28-13-10-3. Notice of Meetings
28-13-10-4. Waiver of Required Notice; Attendance or Participation in Meeting
28-13-10-7. Attendance Record; Report; Contents; Incorporation in Minutes of Annual Meeting