Sec. 15. If the governor:
(1) declares, under IC 10-14-3-12, a state of emergency in all or part of Indiana; or
(2) in the absence of a declaration under subdivision (1), gives prior approval to the director;
the director is authorized to take necessary and appropriate action to establish or preserve safe and sound methods of banking and other action the director considers necessary under the circumstances to promote and safeguard the interests of depositors, debtors, consumers, creditors, or the public.
As added by P.L.213-2007, SEC.95; P.L.217-2007, SEC.93. Amended by P.L.35-2010, SEC.195.
Structure Indiana Code
Title 28. Financial Institutions
Article 11. Department of Financial Institutions
Chapter 1. Establishment of the Department of Financial Institutions
28-11-1-2. Administration of Title 28
28-11-1-3. Members of Department
28-11-1-4. Oath of Office; Necessity
28-11-1-5. Term of Office; Reappointment of a Member; Service to Continue Until Successor Appointed
28-11-1-8. Officers; Election; Term of Office
28-11-1-10. Quorum; Action by Majority
28-11-1-11. Delegation of Power
28-11-1-13. Policies and Procedures
28-11-1-14. Assignments, Deeds, and Other Documents; Execution
28-11-1-15. Director's Powers; State of Emergency or Governor's Approval