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Indiana Code Title 28. Financial Institutions § 28-2-14-19

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 19.  (a) The board of directors of a bank holding company that adopts a resolution under section 18(c) of this chapter may in that resolution or a subsequent resolution provide that all or a part of the trust business of an Indiana affiliate of the bank holding company may be conducted under an assumed business name specified in the resolution.

(b) A copy of the resolution must be:

(1) certified by the secretary or the assistant secretary of the bank holding company;

(2) filed with the department;  and

(3) recorded in the county recorder's office:

(A) in each county in which an Indiana affiliate affected by the resolution maintains an office at which trust business is conducted under an assumed business name provided for in the resolution;  and

(B) on or before the earlier of:

(i) thirty (30) days after the adoption of the resolution;  or

(ii) the first day trust business is conducted in any county under the assumed business name provided for in the resolution.

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Cite this article: FindLaw.com - Indiana Code Title 28. Financial Institutions § 28-2-14-19 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-28-financial-institutions/in-code-sect-28-2-14-19/

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