Sec. 10. (a) In the event of a commission of a crime or apparent commission of a crime it shall be the responsibility of the corporation to ensure compliance with Part 353 of the Federal Deposit Insurance Corporation rules and regulations.
(b) Reporting of a crime under Part 353 of the Federal Deposit Insurance Corporation rules and regulations satisfies the reporting requirements of criminal activity for the department.
(c) The department shall use the Financial Crimes Enforcement Network of the United States Department of the Treasury instead of receiving written reports from the corporation.
(d) Failure to report the commission of a crime or apparent commission of a crime as required in Part 353 of the Federal Deposit Insurance Corporation is a violation of this section.
(e) If a corporation is a corporate fiduciary or is not insured by the Federal Deposit Insurance Corporation, the corporation must notify the department of the commission of a crime or the apparent commission of a crime not later than the first business day after the day the crime or apparent crime was discovered. A written notification must also be delivered to the department not later than thirty (30) days after the date the crime or apparent crime was discovered. A written notification under this section must include the:
(1) details of the crime; and
(2) actions taken by the corporation regarding the crime.
As added by P.L.176-1996, SEC.31. Amended by P.L.192-1997, SEC.28; P.L.63-2001, SEC.23 and P.L.134-2001, SEC.25.
Structure Indiana Code
Title 28. Financial Institutions
Article 13. Corporate Governance
Chapter 10. Meetings and Action of Board of Directors
28-13-10-1. Place of Meetings; Participants; Means of Communication; Presumption of Presence
28-13-10-2. Action Taken Without Meeting; Signed Consent; Effect
28-13-10-3. Notice of Meetings
28-13-10-4. Waiver of Required Notice; Attendance or Participation in Meeting
28-13-10-7. Attendance Record; Report; Contents; Incorporation in Minutes of Annual Meeting