Sec. 10. A savings bank may deposit its funds in:
(1) a federally chartered savings association; or
(2) a savings association or other entity organized and operated according to federal law or the laws of a state or the District of Columbia;
the accounts of which are insured by the Federal Deposit Insurance Corporation.
As added by P.L.42-1993, SEC.72. Amended by P.L.79-1998, SEC.72; P.L.89-2011, SEC.45.
Structure Indiana Code
Title 28. Financial Institutions
Chapter 8. Investment and Loan Powers of Savings Banks
28-6.1-8-1. Application of Article
28-6.1-8-2. Making, Arranging, Purchasing, and Selling Real Estate Loans and Extensions of Credit
28-6.1-8-3. Making Fha Loans, Advances of Credit, and Purchases of Obligations
28-6.1-8-4. Lending Deposited Money
28-6.1-8-5. Investing in Real Estate
28-6.1-8-6. Investing in Dealings in Exchange
28-6.1-8-7. Becoming Federal Reserve System Member and Exercising Conferred Powers
28-6.1-8-8. Exercising Powers Relating to Federal Home Loan Banks and Corporations
28-6.1-8-9. Investing in and Selling Shares of Open-End Investment Companies
28-6.1-8-10. Depositing Funds; Permissible Institutions and Accounts