2013 Indiana Code TITLE 28. FINANCIAL INSTITUTIONS ARTICLE 12. FORMATION OF BANKS, TRUST COMPANIES, AND BUILDING AND LOAN ASSOCIATIONS CHAPTER 4. SUBMISSION OF ARTICLES OF INCORPORATION
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IC 28-12-4
Chapter 4. Submission of Articles of Incorporation
IC 28-12-4-1
Accompanying terms
Sec. 1. The articles of incorporation submitted to the department
for approval must be accompanied by the following:
(1) An application in the form prescribed by the department and
containing such information as the department may require.
(2) The deposit of money in an amount determined by the
department to be sufficient to defray the expenses of the
department in performing its duties under this chapter.
(3) Evidence satisfactory to the department that the corporation
has or will have capital in at least the amount of the capital
stated in the articles of incorporation.
(4) Evidence satisfactory to the department that the corporation
is applying for deposit insurance from the Federal Deposit
Insurance Corporation or its successor in interest, unless the
corporation is being organized solely as a corporate fiduciary.
(5) Evidence satisfactory to the department that the corporation
has or will have adequate insurance coverage on the date the
corporation begins operation.
As added by P.L.14-1992, SEC.162. Amended by P.L.262-1995,
SEC.82.
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