Sec. 7. Subject to any restrictions the department may impose, a savings bank may:
(1) become the owner or lessor of personal or real property upon the request of and for the use of a customer; and
(2) incur additional obligations incident to becoming an owner or a lessor of the property.
As added by P.L.42-1993, SEC.72. Amended by P.L.11-1998, SEC.11.
Structure Indiana Code
Title 28. Financial Institutions
Chapter 7. Powers of a Savings Bank Subject to the Rules of the Department
28-6.1-7-1. Application of Rules
28-6.1-7-2. Making Fha Loans, Advances of Credit, and Purchases of Obligations
28-6.1-7-3. Making Fha Loans Secured by Mortgages
28-6.1-7-5. Extending Credit to State Agencies
28-6.1-7-7. Owning and Leasing Property
28-6.1-7-8. Purchasing and Constructing Buildings to Be Leased to Public Authorities
28-6.1-7-12. Purchasing, Holding, and Conveying Real Estate Necessary for Transaction of Business