Sec. 6. (a) A savings bank that does any of the following is subject to a civil penalty of one hundred dollars ($100) for each day that elapses after the date fixed by the department for compliance with the terms of the department's notice concerning statements of condition:
(1) Fails to prepare and submit a statement of condition required by the department.
(2) Violates an order of the department with respect to a statement of condition.
(b) The penalty prescribed by this section may be recovered under IC 28-11-4.
(c) A penalty recovered under this section shall be paid into the state general fund.
As added by P.L.42-1993, SEC.72.
Structure Indiana Code
Title 28. Financial Institutions
Chapter 13. Statement of Condition
28-6.1-13-1. Number of Statements Required
28-6.1-13-2. Designation of Forms, Notice, and Dates
28-6.1-13-3. Contents of Statements
28-6.1-13-4. Publication of Statements
28-6.1-13-5. Provision of Examination Copies and Information to Federal Entities