# Ind. Code § 28-1-18.2-3: Examination; report on failure to comply with department's recommendations or suggestions

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-3

## Section

- **Citation:** Ind. Code § 28-1-18.2-3
- **Heading:** Examination; report on failure to comply with department's recommendations or suggestions
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 28 / Article 1 / Chapter 18.2 / Section 28-1-18.2-3

## Text

Sec. 3. (a) In making the examination of a bank or trust company, the department shall include an examination of the affairs of all the bank or trust company's affiliates necessary to disclose fully the relations between the bank or trust company and its affiliates, and the effect of those relations upon the affairs of the bank or trust company.

(b) The department may publish the report of its examination of a bank or trust company, or an affiliate, which has not, within one hundred and twenty (120) days after notification of the recommendations or suggestions of the department, based on the examination, complied with the recommendations or suggestions to the department's satisfaction. The department must give the bank or trust company or the affiliate ninety (90) days notice prior to publication of a report under this subsection.

As added by P.L.33-1991, SEC.18.

## Nearby sections

- [Ind. Code § 28-1-18.2-1 "Affiliate" defined; scope of term](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-1.md)
- [Ind. Code § 28-1-18.2-1.1 "Company" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-1.1.md)
- [Ind. Code § 28-1-18.2-1.2 "Subsidiary" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-1.2.md)
- [Ind. Code § 28-1-18.2-1.3 Control over another company; fiduciary ownership or control of shares](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-1.3.md)
- [Ind. Code § 28-1-18.2-2 Statement of financial condition; requirements; extension of time; additional statements; penalty for failure to furnish statement](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-2.md)
- [Ind. Code § 28-1-18.2-3 Examination; report on failure to comply with department's recommendations or suggestions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-3.md)
- [Ind. Code § 28-1-18.2-4 Powers of department; assessment of expenses; penalty for refusal to permit examination](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-4.md)
- [Ind. Code § 28-1-18.2-5 Applicability of certain provisions of Federal Reserve Act and regulations; violations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-5.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-3. Check the current official text before relying on it. Not legal advice.