Sec. 6. Every financial institution to which this article is applicable shall conduct and transact its business in a safe and prudent manner; shall maintain such institution in a safe and solvent condition; and shall establish and maintain safe and sound methods for the conduct of such financial institution and its business and prudential affairs.
Formerly: Acts 1933, c.40, s.9; Acts 1971, P.L.394, SEC.6.
Structure Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions
Chapter 2. Powers and Duties of the Department
28-1-2-6. Prudent Conduct of Business
28-1-2-6.5. Compliance With Money Laundering Laws; Investigation and Enforcement by the Department
28-1-2-23.5. Acquisition of Control of Stock Savings Banks
28-1-2-30. "Financial Institution"; Confidential Information; Disclosure Prohibited
28-1-2-31. Acceptance of Examination by Federal Authority
28-1-2-36. Solicitation of Political Contributions; Violations
28-1-2-40. Notice That Financial Institution Is Not in Substantial Compliance; Hearing