LegalFix
Sign In

23-15-12-1. Exceptions

IN Code § 23-15-12-1 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 1. This chapter does not apply to:

(1) an entity that is regulated by:

(A) the office of the comptroller of the currency;

(B) the Federal Deposit Insurance Corporation;

(C) the Board of Governors of the United States Federal Reserve System;

(D) the Indiana department of financial institutions; or

(E) the National Credit Union Administration;

(2) an entity that is owned or controlled by a state chartered credit union or a federally chartered credit union;

(3) a corporation formed under IC 8-1-13;

(4) a cooperative corporation formed under IC 8-1-17;

(5) an association organized under IC 15-12-1;

(6) a mutual insurance company formed under IC 27 or the laws of another state;

(7) any state or federally organized financial institution that is mutually owned; or

(8) a nonprofit corporation organized as a mutual benefit corporation formed under IC 23-17.

As added by P.L.97-2017, SEC.3.

No previous sections
Next Section
23-15-12-2. "Cooperative entity"