Sec. 26. (a) A bank, trust company, corporate fiduciary, or savings bank organized under the laws of Indiana or the laws of any other state or the United States may establish a trust office to exercise its powers as a fiduciary to conduct business in any location that is approved by the department. Before the department approves a trust office to exercise powers as a fiduciary under this subsection, it must determine to its satisfaction that the bank, trust company, corporate fiduciary, or savings bank will have adequate capital, sound management, and adequate future earnings prospects after the establishment of the trust office. (b) A trust office established under this section by a bank, trust company, or savings bank shall not: (1) receive deposits; (2) pay checks; or (3) lend money; at the trust office. IC 28-2-14 Chapter 14. Indiana Bank Holding Companies 28-2-14-1 Acquire 28-2-14-2 Bank 28-2-14-3 Bank holding company 28-2-14-4 Bank subsidiary 28-2-14-5 Company 28-2-14-6 Control 28-2-14-7 Department 28-2-14-8 Deposits 28-2-14-9 Repealed 28-2-14-10 Acquisitions of banks and bank holding companies 28-2-14-11 Repealed 28-2-14-12 Bank or bank holding companies; application for acquisition; investigation; hearing; approval or disapproval 28-2-14-13 Request for hearing upon fairness of issuance and exchange of stock; hearing; issuance of securities 28-2-14-14 Findings of fact 28-2-14-15 Exemption from certain requirements 28-2-14-16 Suit to enjoin conduct or for damages by injured person; suit by department 28-2-14-17 Rules 28-2-14-18 Succession to trust business of affiliated financial institution; resolution; filing; effective date 28-2-14-19 Assumed business names; bank holding companies; resolutions
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