# Ind. Code § 28-2-16-6: "Control" defined

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-6

## Section

- **Citation:** Ind. Code § 28-2-16-6
- **Heading:** "Control" defined
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 28 / Article 2 / Chapter 16 / Section 28-2-16-6

## Text

Sec. 6. As used in this chapter, "control" means directly or indirectly:

(1) to own, control, or hold, with power to vote, twenty-five percent (25%) or more of the voting shares of a bank or company;

(2) to control in any manner the election of a majority of the directors or trustees of a bank or company; or

(3) to exercise a controlling influence over the management or policies of a bank or company, as determined by the Board of Governors of the Federal Reserve System after notice and opportunity for hearing.

As added by P.L.279-1987, SEC.9.

## Nearby sections

- [Ind. Code § 28-2-16-1 "Acquire" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-1.md)
- [Ind. Code § 28-2-16-2 "Bank"](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-2.md)
- [Ind. Code § 28-2-16-3 "Bank holding company" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-3.md)
- [Ind. Code § 28-2-16-4 "Bank subsidiary" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-4.md)
- [Ind. Code § 28-2-16-5 "Company" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-5.md)
- [Ind. Code § 28-2-16-6 "Control" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-6.md)
- [Ind. Code § 28-2-16-7 "Department" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-7.md)
- [Ind. Code § 28-2-16-8 "Deposits" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-8.md)
- [Ind. Code § 28-2-16-9 "Foreign bank holding company" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-9.md)
- [Ind. Code § 28-2-16-10 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-10.md)
- [Ind. Code § 28-2-16-11 "Indiana bank" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-11.md)
- [Ind. Code § 28-2-16-12 "Indiana bank holding company" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-12.md)
- [Ind. Code § 28-2-16-13 "Indiana bank subsidiary" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-13.md)
- [Ind. Code § 28-2-16-14 "Principal place of business" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A2_C16_S28-2-16-6. Check the current official text before relying on it. Not legal advice.