Sec. 1.5. Notwithstanding any limitation or prohibition otherwise imposed by any provision of the laws of this state, any bank or trust company may invest in a bank service corporation upon the same terms and conditions as are provided by Section 709 of the Garn-St. Germain Depository Institutions Act of 1982 (Public Law 97-320; 96 Stat. 1469) for federally insured banks, and any such bank service corporation may perform the same functions, subject to the same limitations and restrictions, as are prescribed by the Garn-St. Germain Depository Institutions Act of 1982.
As added by P.L.267-1983, SEC.2.
Structure Indiana Code
Title 28. Financial Institutions
Chapter 1. Bank Service Corporations
28-8-1-1.5. Investment in Corporation by Bank or Trust Company Authorized
28-8-1-2. Authority of Two or More Banks and Trust Companies to Invest
28-8-1-3. Continuation With Single Bank or Trust Company as Sole Stockholders
28-8-1-4. Application of Competitive Nonmember Bank or Trust Company for Service; Duties