Sec. 7. (a) Notwithstanding any other law, but subject to the provisions of this chapter, a financial institution may control or hold an interest in a financial subsidiary that engages in financial subsidiary activities.
(b) This section does not require an activity to be conducted through a financial subsidiary that is authorized to be conducted directly by the financial institution.
As added by P.L.63-2001, SEC.28 and P.L.134-2001, SEC.30.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
Chapter 17. Financial Subsidiary Activities of Financial Institutions
28-13-17-1. "Financial Institution" Defined
28-13-17-2. "Financial Subsidiary" Defined
28-13-17-3. "Financial Subsidiary Activity" Defined
28-13-17-5. "Hold an Interest" Defined
28-13-17-6. "Equity Capital" Defined
28-13-17-7. Interest in Financial Subsidiaries Engaged in Financial Subsidiary Activities