Section 28-2-14-15 - Exemption from certain requirements(a) An acquisition by a company of a bank or a bank holding company is exempt from the requirements of IC 28-1-2-23 if the acquisition is made under this chapter.(b) If a bank will be:(1) acquired by a bank holding company; and(2) immediately merged with or consolidated into another bank owned by the acquiring bank holding company; the acquisition of the bank is exempt from the provisions of this chapter.
As added by P.L. 265-1985, SEC.4. Amended by P.L. 262-1995, SEC.56.