Sec. 21. (a) Any securities issued by a credit corporation are exempt from registration under, or compliance with, IC 23-19 . (b) Any tax exemptions, tax credits, or tax privileges granted to banks, savings and loan associations, trust companies, and other financial institutions by Indiana law are granted to a credit corporation. (c) A credit corporation is exempt from regulation under, or compliance with, IC 28-1-1 through IC 28-1-23 . However, the department of financial institutions shall conduct an annual examination of the credit corporation for the purpose of determining its financial condition.
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