Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions

28-1-2-6.5. Compliance With Money Laundering Laws; Investigation and Enforcement by the Department - Sec. 6.5. (a) A financial institution (as defined in IC...

28-1-2-7. Repealed - Formerly: Acts 1933, c.40, s.10; Acts 1935, c.5, s.2; Acts...

28-1-2-8. Repealed - Formerly: Acts 1933, c.40, s.11; Acts 1935, c.5, s.3; Acts...

28-1-2-9. Repealed - Formerly: Acts 1933 c.40, s.12; Acts 1941, c.35, s.3; Acts...

28-1-2-10. Repealed - Formerly: Acts 1933, c.40, s.13; Acts 1941, c.35, s.4; Acts...

28-1-2-11. Repealed - Formerly: Acts 1933, c.40, s.14; Acts 1937, c.33, s.1; Acts...

28-1-2-12. Repealed - Formerly: Acts 1933, c.40, s.15; Acts 1941, c.35, s.5; Acts...

28-1-2-13. Repealed - Formerly: Acts 1933, c.40, s.16. Repealed by Acts 1971, P.L.394,...

28-1-2-14. Repealed - Formerly: Acts 1933, c.40, s.17; Acts 1941, c.35, s.6; Acts...

28-1-2-15. Repealed - Formerly: Acts 1933, c.40, s.18; Acts 1941, c.35, s.7; Acts...

28-1-2-16. Repealed - Formerly: Acts 1933, c.40, s.19; Acts 1945, c.348, s.14; Acts...

28-1-2-17. Repealed - Formerly: Acts 1933, c.40, s.20; Acts 1945, c.348, s.15; Acts...

28-1-2-18. Repealed - Formerly: Acts 1933, c.40, s.21; Acts 1945, c.348, s.16. Repealed...

28-1-2-19. Repealed - Formerly: Acts 1933, c.40, s.22; Acts 1945, c.348, s.17; Acts...

28-1-2-20. Repealed - Formerly: Acts 1933, c.40, s.23; Acts 1945, c.348, s.18. As...

28-1-2-21. Repealed - Formerly: Acts 1933, c.40, s.24. Repealed by Acts 1979, P.L.17,...

28-1-2-22. Repealed - Formerly: Acts 1933, c.40, s.25; Acts 1941, c.83, s.1; Acts...

28-1-2-23. Change in Control; Department Approval Required; Application; Time Frame for Department's Decision; Conditions for Approval; Exempt Transactions; Duty to Report Transfer of Securities; Investigation by Director; Prior Notice Exemption for... - Sec. 23. (a) A corporation or an individual acting directly,...

28-1-2-23.5. Acquisition of Control of Stock Savings Banks - Sec. 23.5. This title does not prohibit the acquisition of...

28-1-2-24. Repealed - Formerly: Acts 1933, c.40, s.26; Acts 1941, c.83, s.2; Acts...

28-1-2-25. Repealed - Formerly: Acts 1933, c.40, s.27; Acts 1945, c.348, s.19. As...

28-1-2-26. Repealed - Formerly: Acts 1933, c.40, s.28; Acts 1945, c.348, s.20; Acts...

28-1-2-27. Repealed - Formerly: Acts 1933, c.40, s.29; Acts 1935, c.5, s.4. As...

28-1-2-28. Repealed - Formerly: Acts 1933, c.40, s.30. As amended by Acts 1978,...

28-1-2-29. Repealed - Formerly: Acts 1933, c.40, s.31; Acts 1963, c.433, s.1; Acts...

28-1-2-30. "Financial Institution"; Confidential Information; Disclosure Prohibited - Sec. 30. (a) As used in this section, "financial institution"...

28-1-2-30.5. Keeping and Handling of Personal Records; Breach of Security; Disposal of Personal Records; Winding Up of Business; Providing Records to the Department - Sec. 30.5. (a) This section applies to the following: (1)...

28-1-2-31. Acceptance of Examination by Federal Authority - Sec. 31. The department may, in its discretion, accept any...

28-1-2-32. Repealed - Formerly: Acts 1933, c.40, s.34. As amended by Acts 1978,...

28-1-2-33. Repealed - Formerly: Acts 1933, c.40, s.35; Acts 1935, c.5, s.5; Acts...

28-1-2-34. Repealed - Formerly: Acts 1933, c.40, s.36; Acts 1949, c.93, s.1; Acts...

28-1-2-35. Repealed - Formerly: Acts 1933, c.40, s.37. As amended by P.L.263-1985, SEC.10....

28-1-2-36. Solicitation of Political Contributions; Violations - Sec. 36. It is a Class A misdemeanor for a...

28-1-2-37. Repealed - Formerly: Acts 1933, c.40, s.39; Acts 1971, P.L.394, SEC.16. Repealed...

28-1-2-38. Repealed - As added by P.L.141-1984, SEC.1. Repealed by P.L.33-1991, SEC.58.

28-1-2-39. Repealed - As added by P.L.72-2003, SEC.3. Amended by P.L.2-2006, SEC.182. Repealed...

28-1-2-40. Notice That Financial Institution Is Not in Substantial Compliance; Hearing - Sec. 40. (a) As used in this section, "act" refers...

Chapter 3. Repealed - Repealed by P.L.141-1984, SEC.13.

Chapter 3.1. Liquidation of Financial Institutions

28-1-3.1-1. Definitions - Sec. 1. (a) The definitions set forth in this section...

28-1-3.1-2. Authority of Department to Take Possession of Business and Property; Conditions; Duties of Department - Sec. 2. (a) The department may take possession of the...

28-1-3.1-3. Holding Business and Property Until Liquidation of Affairs - Sec. 3. (a) When the department has taken possession of...

28-1-3.1-4. Notice; Entry of Cause; Hearing; Record; Rights and Liabilities of Persons Interested; Federal Deposit Insurance Corporation as Receiver - Sec. 4. (a) Immediately upon the taking possession of the...

28-1-3.1-5. Receiver; Appointment; Vesting of Title to All Assets and Right to Terminate Affairs of Institution; Liens or Claims Against Property - Sec. 5. (a) The department may appoint the receiver of...

28-1-3.1-6. Receiver; Authority - Sec. 6. The receiver of a closed financial institution may...

28-1-3.1-7. Receiver's Authority to Sell Assets; Borrowing of Money for Deposit Liabilities - Sec. 7. The receiver may, with ex parte approval of...

28-1-3.1-8. Claims; Presentation; Notice; Rejection - Sec. 8. (a) All parties having claims against the closed...

28-1-3.1-9. Late Claims - Sec. 9. Any claims filed after the one hundred eighty...

28-1-3.1-10. Repealed - As added by P.L.141-1984, SEC.2. Repealed by P.L.42-1993, SEC.103.

28-1-3.1-10.1. Payment of Claims; Order - Sec. 10.1. (a) All claims against the financial institution that...

28-1-3.1-11. Rejection of Executory Contracts and Leases - Sec. 11. (a) Within one hundred eighty (180) days of...

28-1-3.1-12. Federal Deposit Insurance; Payments of Deposit Liabilities; Subrogation - Sec. 12. Whenever a federal deposit insurance agency pays or...

28-1-3.1-13. Successor to Closed Financial Institution's Fiduciary Duties; Appointment; Powers and Duties; Notice of Appointment to Interested Parties - Sec. 13. (a) The receiver, with the approval of the...

28-1-3.1-14. Personal Property Left in Possession of Closed Financial Institution; Appearances, Claims, and Disposition - Sec. 14. (a) The receiver shall cause notice to be...

28-1-3.1-15. Actions to Enforce Rights, Demands, or Claims Vested in Financial Institution, Shareholders, or Creditors - Sec. 15. The receiver may, within ten (10) years after...

28-1-3.1-16. Articles of Dissolution; Contents; Federal Deposit Insurance Corporation as Receiver; Authority of Department to Act - Sec. 16. (a) When the proceedings described in this chapter...

28-1-3.1-17. Articles of Dissolution; Execution; Presentation; Fee - Sec. 17. The articles of dissolution shall be executed in...

28-1-3.1-18. Articles of Dissolution; Duties of Secretary of State - Sec. 18. Upon presentation of the articles of dissolution as...

28-1-3.1-19. Articles of Dissolution; Filing With County Recorder - Sec. 19. The department shall file for record with the...

28-1-3.1-20. Dissolution and Cessation of Existence - Sec. 20. Upon the issuance of the certificate of dissolution...

28-1-3.1-21. Troubled or Insolvent Financial Institutions; Federal Supervisory Agencies; Department's Authority to Approve Transactions - Sec. 21. Whenever a federal supervisory agency is bidding, consolidating,...

Chapter 4. Repealed - Repealed by P.L.9-2022, SEC.54.

Chapter 5. Banks, Trust Companies, and Building and Loan Associations Generally

28-1-5-1. "Corporation" and "Shareholder" Defined - Sec. 1. (a) As used in this chapter, "corporation" means...

28-1-5-2. Corporate Capacity and Authority; General Rights, Powers, and Privileges; Authority to Purchase and Hold Life Insurance - Sec. 2. (a) Every corporation has the capacity to act...

28-1-5-3. Principal Office; Change of Location - Sec. 3. Every corporation shall maintain an office or place...

28-1-5-4. Repealed - Formerly: Acts 1933, c.40, s.92. Repealed by P.L.14-1992, SEC.165.

28-1-5-5. Repealed - Formerly: Acts 1933, c.40, s.93; Acts 1949, c.111, s.2. Repealed...

28-1-5-6. Repealed - Formerly: Acts 1933, c.40, s.94. As amended by P.L.263-1985, SEC.20....

28-1-5-7. Repealed - Formerly: Acts 1933, c.40, s.95; Acts 1935, c.5, s.17; Acts...

28-1-5-8. Repealed - Formerly: Acts 1933, c.40, s.96; Acts 1937, c.33, s.11; Acts...

28-1-5-8.5. Shareholders' Derivative Proceedings; Procedure - Sec. 8.5. (a) A person may not commence a proceeding...

28-1-5-9. Repealed - Formerly: Acts 1933, c.40, s.97; Acts 1971, P.L.394, SEC.24. As...

28-1-5-10. Repealed - Formerly: Acts 1933, c.40, s.98; Acts 1935, c.5, s.18; Acts...

28-1-5-11. Repealed - Formerly: Acts 1933, c.40, s.99; Acts 1937, c.33, s.12; Acts...

28-1-5-11.5. Repealed - As added by P.L.266-1987, SEC.10. Repealed by P.L.42-1993, SEC.103.

28-1-5-11.7. Repealed - As added by P.L.256-1989, SEC.1. Repealed by P.L.42-1993, SEC.103.

28-1-5-12. Repealed - Formerly: Acts 1933, c.40, s.100. Repealed by P.L.14-1992, SEC.165.

28-1-5-13. Repealed - Formerly: Acts 1933, c.40, s.101; Acts 1935, c.5, s.19; Acts...

28-1-5-14. Repealed - Formerly: Acts 1933, c.40, s.101a; Acts 1965, c.356, s.22. Repealed...

28-1-5-15. Books of Accounts; Minutes; Stock Transfer Book - Sec. 15. Every corporation shall keep correct and complete books...

28-1-5-16. Requirement to Provide Property Tax Information in Certain Transactions - Sec. 16. With respect to a residential real property financing...

Chapter 5.5. Repealed - Repealed by P.L.14-1992, SEC.165.

Chapter 6. Repealed - Repealed by P.L.14-1992, SEC.165.

Chapter 7. Merger and Consolidation of Banks, Trust Companies, and Building and Loan Associations

28-1-7-0.5. Approval of Department Not Required - Sec. 0.5. The approval of the department of an: (1)...

28-1-7-1. "Corporation", "Shareholder"; Authority to Merge or Consolidate; Transactions Involving Savings Banks; Merger or Consolidation of Corporation and Affiliate - Sec. 1. (a) As used in this chapter, "corporation" means:...

28-1-7-2. Manner of Effecting Merger - Sec. 2. The merger of any two (2) or more...

28-1-7-3. Resolution of Approving Agreement; Direction for Submission to Vote of Shareholders - Sec. 3. The resolutions of the boards of directors shall...

28-1-7-4. Merger; Submission of Resolutions and Joint Agreement to Department; Approval or Disapproval - Sec. 4. (a) After the resolutions approving a joint agreement...

28-1-7-5. Submission of Merger Agreement; Vote Required - Sec. 5. The agreement of merger shall be submitted to...

28-1-7-6. Notice of Adoption of Agreement and Approval by Department - Sec. 6. The secretary or cashier of each corporation shall...

28-1-7-7. Repealed - Formerly: Acts 1933, c.40, s.120; Acts 1965, c.356, s.6. As...

28-1-7-8. Execution of Merger Agreement; Administrative Approval; Abandonment of Planned Merger - Sec. 8. (a) After the adoption of the agreement of...

28-1-7-9. Execution and Filing Articles of Merger - Sec. 9. (a) After the signing of the agreement of...

28-1-7-10. Articles of Merger; Approval by Secretary of State; Issuance of Certificate of Merger - Sec. 10. Upon the filing of the articles of merger,...

28-1-7-11. Consolidation; Resolution Approving Joint Agreements; Contents - Sec. 11. The consolidation of any two (2) or more...

28-1-7-12. Consolidation; Submission of Resolutions and Joint Agreement to Department; Approval or Disapproval - Sec. 12. (a) After the resolution approving a joint agreement...

28-1-7-13. Shareholders' Votes on Consolidation Agreements - Sec. 13. The agreement of consolidation shall be submitted to...

28-1-7-14. Repealed - Formerly: Acts 1933, c.40, s.127; Acts 1965, c.356, s.8. As...

28-1-7-15. Execution of Agreement - Sec. 15. Upon the adoption of the agreement of consolidation,...

28-1-7-16. Execution and Filing Articles of Consolidation - Sec. 16. Upon the execution of the agreement of consolidation...

28-1-7-17. Secretary of State; Approval of Articles of Consolidation; Issuance of Certificates of Consolidation and Incorporation - Sec. 17. Upon the filing of the articles of consolidation,...

28-1-7-18. Effective Date of Merger or Consolidation - Sec. 18. Upon the issuance of a certificate of merger...

28-1-7-19. Effect of Merger or Consolidation Upon Corporate Structures, Powers, Privileges, and Obligations - Sec. 19. When any such merger or consolidation shall have...

28-1-7-20. Recording Articles of Merger or Consolidation - Sec. 20. The surviving or new corporation resulting from a...

28-1-7-21. Dissenters' Rights; Notice; Method of Asserting Rights; Payment for Shareholder's Shares; Withdrawal of Demand; Determination of Value; Submission of Certificates - Sec. 21. (a) This section does not apply to a...

28-1-7-22. Effect of Merger or Consolidation Upon Fiduciary Status of Party - Sec. 22. If any bank, bank of discount and deposit,...

28-1-7-23. Effect of Merger or Consolidation Upon Letters of Administration or Letters Testamentary - Sec. 23. Nothing done in connection with the consolidation or...

28-1-7-24. Repealed - Formerly: Acts 1972, P.L.193, SEC.1. As amended by P.L.42-1993, SEC.25....

28-1-7-25. Savings Banks; Request for Order to Merge, Consolidate, or Join With Acquiring Bank or Trust Company; Requirements - Sec. 25. (a) A savings bank organized before January 1,...

Chapter 7.1. Voluntary Supervisory Conversion

28-1-7.1-1. "Depository Financial Institution" - Sec. 1. As used in this chapter, "depository financial institution"...

28-1-7.1-2. "Standard Conversion" - Sec. 2. As used in this chapter, "standard conversion" refers...

28-1-7.1-3. Depository Financial Institution With Mutual Ownership; Authority to Engage in Voluntary Supervisory Conversion - Sec. 3. A depository financial institution with mutual ownership may...

28-1-7.1-4. Voluntary Supervisory Conversion; Types of Transactions - Sec. 4. A voluntary supervisory conversion of a depository financial...

28-1-7.1-5. Voluntary Supervisory Conversion; Eligibility; Conditions - Sec. 5. A depository financial institution with mutual ownership is...

28-1-7.1-6. Director's Determination of Resulting Entity's Viability; Conditions; Authority of Director to Act; Applicability of Law Governing Mergers and Consolidations; Waiver of Law - Sec. 6. (a) The director may determine under section 5(1)(B)...

28-1-7.1-7. Depositors; No Right to Participate in or Approve Conversion; No Ownership Interests in Converted Institution; Liquidation Account - Sec. 7. Depositors of a depository financial institution with mutual...

28-1-7.1-8. Plan of Conversion; Adoption by Board; Contents - Sec. 8. A majority of the board of directors of...

28-1-7.1-9. Application to Department; Required Information and Documents - Sec. 9. The following information and documents must be included...

28-1-7.1-10. Denial of Application; Findings by Director - Sec. 10. The director may not approve an application to...

28-1-7.1-11. Approval of Application; Conditions - Sec. 11. (a) The director shall condition approval of a...

Chapter 7.2. Repealed - Repealed by P.L.42-1993, SEC.103.

Chapter 7.5. Formation of Certain Bank Holding Companies

28-1-7.5-1. "Holding Company" Defined - Sec. 1. (a) As used in this chapter, "holding company"...

28-1-7.5-2. Acquisition of Bank, Trust Company, Corporate Fiduciary, or Stock Savings Bank by Holding Company Under Plan of Exchange - Sec. 2. All the outstanding shares of common stock of...

28-1-7.5-3. Resolutions Approving Plan of Exchange; Contents; Direction for Submission to Vote of Shareholders - Sec. 3. (a) A bank, trust company, corporate fiduciary, or...

28-1-7.5-4. Filing Plan of Exchange and Statement Disclosing Required Information With Department - Sec. 4. (a) The bank, trust company, corporate fiduciary, or...

28-1-7.5-5. Public Hearing; Requisites; Procedures - Sec. 5. (a) At the time of the filing of...

28-1-7.5-6. Approval or Disapproval of Plan of Exchange by Department; Order; Findings of Fact; Judicial Review - Sec. 6. (a) The department shall issue an order approving...

28-1-7.5-7. Submission of Plan of Exchange to Shareholders; Procedures; Voting Rights; Approval; Abandonment - Sec. 7. (a) If a plan of exchange is approved...

28-1-7.5-8. Dissenting Shareholders; Demand for Payment of Value of Shares; Withdrawal of Demand; Determination of Value; Procedures; Limitations - Sec. 8. (a) If a shareholder votes in opposition to...

28-1-7.5-9. Articles of Exchange; Requisites; Filing; Certificate of Exchange; Issuance; Effectiveness of Plan - Sec. 9. (a) After the plan of exchange is approved...

28-1-7.5-10. Plan of Exchange; Consummation by Operation of Law; Effect - Sec. 10. At the time that the plan of exchange...

28-1-7.5-11. Redemption by Holding Company of Its Outstanding Common Stock - Sec. 11. Within thirty (30) days after the plan of...

28-1-7.5-12. Separate and Distinct Corporations; Effect Upon Liability - Sec. 12. The bank, trust company, corporate fiduciary, or stock...

28-1-7.5-13. Exemption From Requirements of Ic 28-1-2-23 - Sec. 13. An acquisition by a holding company of control...

28-1-7.5-14. Acquisition Under Other Lawful Procedures Unaffected - Sec. 14. This chapter does not prohibit the acquisition by...

28-1-7.5-15. Limitations of Ic 28-2-14 Unaffected - Sec. 15. This chapter does not affect the limitations imposed...

Chapter 8. Sale of Banks, Trust Companies, and Building and Loan Associations

28-1-8-0.5. "Corporation" - Sec. 0.5. As used in this chapter, "corporation" means: (1)...

28-1-8-0.7. "Shareholder" - Sec. 0.7. As used in this chapter, "shareholder", with respect...

28-1-8-1. Disposition of Property and Assets; Authority; Compliance With Procedures - Sec. 1. A corporation may sell, lease, exchange, or otherwise...

28-1-8-2. Resolution Proposing Sale or Other Disposition; Submission to Shareholders - Sec. 2. (a) A sale, lease, exchange, or other disposition...

28-1-8-3. Submission of Resolution to Department; Conditions for Approval; Economic Benefits to Officers or Directors - Sec. 3. (a) Before a proposed disposition described in section...

28-1-8-4. Submission to Shareholders; Vote Required; Exception for Corporation in Danger of Insolvency - Sec. 4. If a resolution proposing a disposition described in...

28-1-8-5. Dissenting Shareholders; Effective Date of Disposition; Inapplicability to Credit Unions, Mutual Savings Banks, and Mutual Savings Associations - Sec. 5. (a) This section does not apply to a...

28-1-8-6. Purchase of Assets; Submission of Resolution and Application to Department; Factors for Department's Approval; Exceptions to Approval Requirement - Sec. 6. (a) Subject to the approval of the department,...

Chapter 9. Voluntary Dissolution of Banks, Trust Companies, and Building and Loan Associations

28-1-9-1. Surrender of Corporate Rights Before Commencement of Business; Certificate of Incorporators - Sec. 1. With the approval in writing of the department,...

28-1-9-2. Authority to Liquidate and Dissolve; Resolution; Submission to Shareholders; Vote Required - Sec. 2. Any bank, trust company, corporate fiduciary, savings bank...

28-1-9-3. Examinations; Departmental Approval of Liquidation - Sec. 3. After the resolution submitting the question of dissolving...

28-1-9-4. Restrictions on Dividends and Business Pending Payment of Debts and Liabilities - Sec. 4. After the vote of the shareholders shall have...

28-1-9-5. Liquidating Agent; Appointment; Powers - Sec. 5. Upon the authorization of the dissolution by the...

28-1-9-6. Liquidating Agent; Authority - Sec. 6. (a) The agent shall have the right and...

28-1-9-7. Trust and Fiduciary Property; Disposition - Sec. 7. If, at the time of liquidation such corporation...

28-1-9-8. Petition of Liquidating Agent; Statement of Debts and Liabilities; Recommendations as to Claims; Suspension of Creditor's Right of Action on Claims - Sec. 8. Within sixty (60) days after such dissolution has...

28-1-9-9. Notice to Creditors - Sec. 9. Upon the filing of such petition, the agent...

28-1-9-10. Creditor's Petition Asserting Claim; Priority or Opposition to Other Claims; Failure to Appear; Effect of Liquidating Agent's Failure to Petition - Sec. 10. Within the time fixed by the notice, any...

28-1-9-11. Unclaimed Distributive Portions - Sec. 11. In case depositors or other creditors or the...

28-1-9-12. Authority to Borrow - Sec. 12. After the authorization of the dissolution of such...

28-1-9-13. Articles of Dissolution; Execution and Filing; Contents - Sec. 13. Upon the completion of the dissolution, the corporation...

28-1-9-14. Articles of Dissolution; Presentation to Department and to Secretary of State - Sec. 14. The articles of dissolution shall be executed in...

28-1-9-15. Articles of Dissolution; Approval by Department - Sec. 15. After the articles of dissolution shall have been...

28-1-9-16. Certificate of Incorporators or Articles of Dissolution; Approval by Secretary of State; Filing; Certificate of Dissolution - Sec. 16. Upon presentation of the certificate of the incorporators,...

28-1-9-17. Certificate of Incorporators or Articles of Dissolution; Recording - Sec. 17. The corporation shall then file for record with...

28-1-9-18. Termination of Corporate Existence; Existing Liabilities - Sec. 18. (a) Upon the issuance of the certificate of...

28-1-9-20. Pending Liquidations; Acceptance of Chapter - Sec. 20. Any bank of discount and deposit, loan and...

Chapter 10. Repealed - Repealed by P.L.164-1988, SEC.14.

Chapter 11. Powers of Banks and Trust Companies

28-1-11-1. General and Enumerated Rights, Privileges, and Powers; "Bank or Trust Company" - Sec. 1. (a) In addition to the general rights, privileges,...

28-1-11-2. Fiscal or Transfer Agent; Transportation Agent; Insurance Producer or Broker; Attorney in Fact - Sec. 2. Any bank or trust company shall have power...

28-1-11-2.5. Sale of Life Insurance Policy or Annuity Contract - Sec. 2.5. (a) A bank or trust company may act...

28-1-11-2.6. Repealed - As added by P.L.262-1995, SEC.30. Amended by P.L.188-1997, SEC.5; P.L.79-1998,...

28-1-11-3. Repealed - Formerly: Acts 1933, c.40, s.172; Acts 1935, c.5, s.25; Acts...

28-1-11-3.1. Powers Necessary and Usual in Carrying on Banking Business; Enumerated Powers; Application of Rules - Sec. 3.1. (a) Any bank or trust company shall have...

28-1-11-3.2. Request to Exercise Rights and Privileges Granted to National Bank; Procedures; Appeal - Sec. 3.2. (a) As used in this section, "rights and...

28-1-11-4. Investments; Deposit of Funds - Sec. 4. (a) Except as otherwise provided in this article,...

28-1-11-5. Real Estate - Sec. 5. (a) In addition to the powers set forth...

28-1-11-6. Appointment as Fiduciary - Sec. 6. Any bank or trust company may be appointed...

28-1-11-7. Testamentary and Probate Fiduciary Appointments - Sec. 7. Any bank or trust company shall have power...

28-1-11-8. Appointment as Successor Guardian, Trustee, Executor, or Administrator - Sec. 8. Any bank or trust company shall have power...

28-1-11-9. Trust Business - Sec. 9. Any bank or trust company shall have power...

28-1-11-10. Service as Fiduciary Without Bond; Judicial Control; Requirement of Security - Sec. 10. Except as otherwise provided in this chapter, any...

28-1-11-11. Safe Deposits and Escrows - Sec. 11. Any bank or trust company shall have power...

28-1-11-12. Federal Reserve System and Federal Deposit Insurance Corporation Membership; Federal Securities - Sec. 12. Every bank or trust company shall have power:...

28-1-11-12.5. Federal Home Loan Bank; Investments; Membership; Loans; Transfer, Assignment, and Pledge of Bonds, Notes, Contracts, Mortgages, Securities, and Other Property - Sec. 12.5. Subject to any limitations imposed by the department...

28-1-11-13. Compensation for Services - Sec. 13. Any bank or trust company shall have power...

28-1-11-14. Community and Economic Development Investments and Other Public Welfare Investments; Limits; Exposure to Liability - Sec. 14. (a) As used in this section, "community based...

Chapter 12. Regulation of Bank and Trust Company Fiduciaries

28-1-12-1. Authority to Serve as Fiduciary - Sec. 1. (a) Any court or officer thereof having jurisdiction...

28-1-12-2. Control by Court; Accounts, Statements, and Reports - Sec. 2. Every bank or trust company appointed as a...

28-1-12-3. Fiduciary Powers and Obligations; Trusts; Holding of Securities; Segregation; Records; Transfers; Investments in Securities of Investment Companies or Trusts Having Business Ties With Fiduciary - Sec. 3. (a) Every bank or trust company exercising trust...

28-1-12-4. Profit or Commission on Sales; Necessity of Specific Authorization; Surcharge - Sec. 4. No profit or commission, other than interest at...

28-1-12-5. Repealed - Formerly: Acts 1933, c.40, s.191; Acts 1937, c.33, s.24; Acts...

28-1-12-6. Liquidation Preferences - Sec. 6. Upon the liquidation of any bank or trust...

28-1-12-7. Violations - Sec. 7. A person who violates this chapter commits a...

28-1-12-8. Authorization for Banks and Trust Companies to Use Fiduciary Funds in Conflict of Interest Transactions; Conditions; Notice; Required Consent - Sec. 8. (a) Unless otherwise provided in an agreement or...

Chapter 13. Loans and Investments of Banks and Trust Companies

28-1-13-1. Repealed - Formerly: Acts 1933, c.40, s.195; Acts 1935, c.5, s.32; Acts...

28-1-13-1.1. "Capital and Surplus" or "Unimpaired Capital and Unimpaired Surplus" Defined - Sec. 1.1. As used in this chapter, "capital and surplus"...

28-1-13-1.2. "Loans and Extensions of Credit" Defined - Sec. 1.2. As used in this chapter, "loans and extensions...

28-1-13-1.3. "Person" Defined - Sec. 1.3. As used in this chapter, "person" includes an...

28-1-13-1.4. Repealed - As added by P.L.14-1992, SEC.86. Repealed by P.L.176-1996, SEC.35.

28-1-13-1.5. Limits on Total Loans and Extensions of Credit to One Borrower; Loans and Extensions Not Fully Secured; Loans and Extensions Fully Secured; Derivative Transactions - Sec. 1.5. (a) The total loans and extensions of credit...

28-1-13-1.6. Exceptions to Limitations on Loans or Extensions of Credit to One Borrower - Sec. 1.6. The limitations contained in section 1.5 of this...

28-1-13-1.7. Limit on Total Consumer Credit Obligation of One Borrower - Sec. 1.7. (a) Loans and extensions of credit arising from...

28-1-13-1.8. Limit on Obligations Secured by Documents or Instruments Covering Livestock; Dealer Discount of Paper Securing Sale of Dairy Cattle With Payment Guaranteed by Seller - Sec. 1.8. (a) Loans and extensions of credit secured by...

28-1-13-2. Repealed - Formerly: Acts 1933, c.40, s.196; Acts 1965, c.356, s.13. As...

28-1-13-3. Repealed - Formerly: Acts 1933, c.40, s.197; Acts 1935, c.5, s.33; Acts...

28-1-13-4. Repealed - Formerly: Acts 1933, c.40, s.198; Acts 1935, c.5, s.34; Acts...

28-1-13-5. Repealed - Formerly: Acts 1933, c.40, s.199; Acts 1935, c.5, s.35. As...

28-1-13-6. Extension of Credit to Officers, Directors, or Principal Shareholders; Compliance With Federal Restrictions - Sec. 6. Any bank or trust company may extend credit...

28-1-13-7. Repealed - Formerly: Acts 1933, c.40, s.201; Acts 1937, c.26, s.1; Acts...

28-1-13-7.1. State Chartered Banks; Real Estate Loans - Sec. 7.1. (a) As used in this section, "federally chartered...

28-1-13-8. Loans on Security of Own Shares; Acquisition of Shares; Disposition - Sec. 8. No bank or trust company shall make any...

28-1-13-9. Repealed - Formerly: Acts 1933, c.40, s.203; Acts 1953, c.71, s.1; Acts...

28-1-13-10. Prohibition Against Accepting Compensation for Procuring Loan; Exception for Bona Fide Employment or Compensation Agreements - Sec. 10. (a) Except as otherwise provided, and subject to...

28-1-13-11. Reduction of Existing Obligations Held in Excess of Limitations - Sec. 11. Except as otherwise provided in this chapter, any...

28-1-13-12. Loans or Credit to Student Loan Marketing Association; Applicability of Capital and Surplus Limitation - Sec. 12. Loans or extensions of credit to the Student...

28-1-13-13. Applicability of Federal Regulations - Sec. 13. The department may apply the provisions of 12...

Chapter 13.5. Repealed - Repealed by P.L.33-1991, SEC.57.

Chapter 14. Repealed - Repealed by Acts 1981, P.L.253, SEC.1.

Chapter 15. Statements of Condition of Banks and Trust Companies

28-1-15-1. Statement of Condition - Sec. 1. The department may require every bank and trust...

28-1-15-2. Publication of Statement of Condition - Sec. 2. Every bank and trust company shall, when required...

28-1-15-3. Furnishing Information on Condition of Bank or Trust Company to Federal Agencies - Sec. 3. The department may furnish to the federal reserve...

28-1-15-4. Violation; Penalty; Recovery - Sec. 4. Any bank or trust company which shall fail...

Chapter 16. Repealed - Repealed by P.L.14-1992, SEC.165.

Chapter 17. Repealed - Repealed by P.L.265-1985, SEC.7.

Chapter 18. Repealed - Repealed by Acts 1982, P.L.167, SEC.3.

Chapter 18.1. Repealed - Repealed by P.L.33-1991, SEC.57.

Chapter 18.2. Examination of Affiliates

28-1-18.2-1. "Affiliate" Defined; Scope of Term - Sec. 1. (a) As used in this chapter, "affiliate" means...

28-1-18.2-1.1. "Company" Defined - Sec. 1.1. As used in this chapter, "company" means a...

28-1-18.2-1.2. "Subsidiary" Defined - Sec. 1.2. As used in this chapter, "subsidiary" with respect...

28-1-18.2-1.3. Control Over Another Company; Fiduciary Ownership or Control of Shares - Sec. 1.3. (a) A company or shareholder is considered to...

28-1-18.2-2. Statement of Financial Condition; Requirements; Extension of Time; Additional Statements; Penalty for Failure to Furnish Statement - Sec. 2. (a) Within thirty (30) days after receipt of...

28-1-18.2-3. Examination; Report on Failure to Comply With Department's Recommendations or Suggestions - Sec. 3. (a) In making the examination of a bank...

28-1-18.2-4. Powers of Department; Assessment of Expenses; Penalty for Refusal to Permit Examination - Sec. 4. (a) In making the examination of an affiliate...

28-1-18.2-5. Applicability of Certain Provisions of Federal Reserve Act and Regulations; Violations - Sec. 5. (a) For purposes of this section, a bank...

Chapter 19. Repealed - Repealed by P.L.14-1992, SEC.165.

Chapter 20. General Provisions Concerning Banks and Trust Companies

28-1-20-1. Repealed - Formerly: Acts 1933, c.40, s.243; Acts 1937, c.33, s.33; Acts...

28-1-20-1.1. Statements of Account; Dormant Accounts; Service and Maintenance Charges - Sec. 1.1. (a) When a statement of account has been...

28-1-20-2. Repealed - Formerly: Acts 1933, c.40, s.244. As amended by P.L.263-1985, SEC.73....

28-1-20-3. Insolvency; Void Transfers - Sec. 3. All transfers of notes, bonds, bills of exchange...

28-1-20-4. Naming Conventions; Department's Investigatory and Enforcement Powers; Penalties; Marketing Materials and Solicitations - Sec. 4. (a) Except as provided in subsections (c), (d),...

28-1-20-5. Depositors; Withdrawal of Deposits - Sec. 5. All persons, regardless of age, may become depositors...

28-1-20-6. Loans; Misrepresenting Age; Estoppel by Representation - Sec. 6. When, in case of any loan made by...

28-1-20-7. Associations of Banks and Trust Companies; Authority to Join - Sec. 7. With the consent and approval of the department,...

28-1-20-8. Bank or Trust Company Required to Close; Custody of Business and Property; Petition to Reopen; Decision; Appeal; Liquidation - Sec. 8. (a) When and if any bank or trust...

Chapter 21. Repealed - Repealed by P.L.193-1997, SEC.5.

Chapter 21.1. Repealed - Repealed by P.L.193-1997, SEC.5.

Chapter 21.2. Repealed - Repealed by P.L.193-1997, SEC.5.

Chapter 21.3. Repealed - Repealed by P.L.258-1989, SEC.6.

Chapter 21.4. Charter Conversion of a Building and Loan Association to a Stock Building and Loan Association

28-1-21.4-1. "Mutual Savings Association" - Sec. 1. As used in this chapter, "mutual savings association"...

28-1-21.4-2. "Charter Conversion" - Sec. 2. As used in this chapter, "charter conversion" means...

28-1-21.4-3. "Conversion Plan" - Sec. 3. As used in this chapter, "conversion plan" refers...

28-1-21.4-4. "Effective Time of the Charter Conversion" - Sec. 4. As used in this chapter, "effective time of...

28-1-21.4-5. Repealed - As added by P.L.176-1996, SEC.14. Repealed by P.L.27-2012, SEC.54.

28-1-21.4-5.1. "Primary Federal Regulator" - Sec. 5.1. As used in this chapter, "primary federal regulator"...

28-1-21.4-6. "Stock Savings Association" - Sec. 6. As used in this chapter, "stock savings association"...

28-1-21.4-7. "Voting Parties" - Sec. 7. As used in this chapter, "voting parties" means...

28-1-21.4-8. Power of Mutual Savings Associations to Convert Charter - Sec. 8. Notwithstanding any provision of this title, a mutual...

28-1-21.4-9. Duty of Department to Prescribe Procedures - Sec. 9. (a) The department shall prescribe procedures for charter...

28-1-21.4-10. Voting Rights - Sec. 10. The voting parties of a mutual savings association...

28-1-21.4-11. Approval or Disapproval by Department - Sec. 11. (a) The department may approve or disapprove the...

28-1-21.4-12. Conditions for Approval - Sec. 12. The department may not approve the conversion plan...

28-1-21.4-13. Powers and Duties at Effective Time of Conversion - Sec. 13. At the effective time of the charter conversion,...

28-1-21.4-14. Transitional Period - Sec. 14. The department may authorize the resulting stock savings...

28-1-21.4-15. Branches - Sec. 15. A stock savings association created by charter conversion...

28-1-21.4-16. Filing With Secretary of State - Sec. 16. (a) To effect the charter conversion, the converting...

28-1-21.4-17. Rules - Sec. 17. The department may adopt rules under IC 4-22-2...

Chapter 21.5. Repealed - Repealed by P.L.193-1997, SEC.5.

Chapter 21.6. Charter Conversion of Mutual or Stock Savings Associations to Commercial Banks

28-1-21.6-1. "Charter Conversion" - Sec. 1. As used in this chapter, "charter conversion" means...

28-1-21.6-2. "Commercial Bank" - Sec. 2. As used in this chapter, "commercial bank" means...

28-1-21.6-3. "Department" - Sec. 3. As used in this chapter, "department" means the...

28-1-21.6-4. "Effective Time of the Charter Conversion" - Sec. 4. As used in this chapter, "effective time of...

28-1-21.6-5. Repealed - As added by P.L.147-1990, SEC.2. Repealed by P.L.27-2012, SEC.57.

28-1-21.6-5.1. "Primary Federal Regulator" - Sec. 5.1. As used in this chapter, "primary federal regulator"...

28-1-21.6-6. "Savings Association" - Sec. 6. As used in this chapter, "savings association" means...

28-1-21.6-7. "Voting Parties" - Sec. 7. As used in this chapter, "voting parties" means...

28-1-21.6-8. Conversion Upon Approval - Sec. 8. Any savings association may, upon approval of the...

28-1-21.6-9. Procedures for Conversion - Sec. 9. The department shall prescribe procedures for charter conversions....

28-1-21.6-10. Approval or Disapproval of Conversion Plan; Requirements - Sec. 10. (a) The department may approve or disapprove the...

28-1-21.6-11. Powers and Duties of Resulting Commercial Bank - Sec. 11. Upon conversion of a savings association, the resulting...

28-1-21.6-12. Transitional Powers - Sec. 12. The department may authorize the resulting commercial bank...

28-1-21.6-13. Retention of Branches - Sec. 13. Notwithstanding IC 28-2-13, a commercial bank created by...

28-1-21.6-14. Articles of Conversion; Filing - Sec. 14. In order to effect the charter conversion, the...

28-1-21.6-15. Statutes and Rules Applicable to Converted Bank - Sec. 15. Upon the effective time of charter conversion, the...

Chapter 21.7. Charter Conversion of Mutual Savings Associations to Mutual Savings Banks

28-1-21.7-1. "Department" - Sec. 1. As used in this chapter, "department" means the...

28-1-21.7-2. "Effective Time of the Mutual Bank Conversion" - Sec. 2. As used in this chapter, "effective time of...

28-1-21.7-3. "Mutual Bank" - Sec. 3. (a) As used in this chapter, "mutual bank"...

28-1-21.7-4. "Mutual Bank Conversion" - Sec. 4. As used in this chapter, "mutual bank conversion"...

28-1-21.7-5. Repealed - As added by P.L.147-1990, SEC.3. Repealed by P.L.27-2012, SEC.61.

28-1-21.7-5.1. "Primary Federal Regulator" - Sec. 5.1. As used in this chapter, "primary federal regulator"...

28-1-21.7-6. "Savings Association" - Sec. 6. As used in this chapter, "savings association" means...

28-1-21.7-7. "Voting Parties" - Sec. 7. As used in this chapter, "voting parties" means...

28-1-21.7-8. Conversion Upon Approval - Sec. 8. Any savings association may, upon approval of the...

28-1-21.7-9. Procedures for Conversion - Sec. 9. The department shall prescribe procedures for mutual bank...

28-1-21.7-10. Approval or Disapproval of Conversion Plan; Requirements - Sec. 10. (a) The department may approve or disapprove the...

28-1-21.7-11. Powers and Duties of Resulting Mutual Bank - Sec. 11. Upon conversion of a savings association, the resulting...

28-1-21.7-12. Transitional Powers - Sec. 12. The department may authorize the resulting mutual bank...

28-1-21.7-13. Retention of Branches - Sec. 13. Notwithstanding IC 28-6.1-12, a mutual bank created by...

28-1-21.7-14. Articles of Conversion; Filing - Sec. 14. In order to effect the mutual bank conversion,...

28-1-21.7-15. Statutes and Rules Applicable to Converted Bank - Sec. 15. Upon the effective time of mutual bank conversion,...

Chapter 21.8. Charter Conversion of a Mutual or Stock Savings Association to a Stock Savings Bank

28-1-21.8-1. Conversion Plan - Sec. 1. As used in this chapter, "conversion plan" refers...

28-1-21.8-2. Effective Time of the Charter Conversion - Sec. 2. As used in this chapter, "effective time of...

28-1-21.8-3. Repealed - As added by P.L.42-1993, SEC.43. Repealed by P.L.27-2012, SEC.65.

28-1-21.8-3.1. Primary Federal Regulator - Sec. 3.1. As used in this chapter, "primary federal regulator"...

28-1-21.8-4. Savings Association - Sec. 4. (a) As used in this chapter, "savings association"...

28-1-21.8-5. Stock Savings Bank - Sec. 5. As used in this chapter, "stock savings bank"...

28-1-21.8-6. Stock Savings Bank Conversion - Sec. 6. As used in this chapter, "stock savings bank...

28-1-21.8-7. Voting Parties - Sec. 7. As used in this chapter, "voting parties" means...

28-1-21.8-8. Conversion to Stock Savings Banks - Sec. 8. With the approval of the department, a stock...

28-1-21.8-9. Conversion Procedures - Sec. 9. (a) The department shall prescribe procedures for stock...

28-1-21.8-10. Approval or Disapproval of Conversion Plans by Department; Hearings; Solicitation of Votes - Sec. 10. (a) The department may approve or disapprove the...

28-1-21.8-11. Conditions for Approval of Conversion Plans - Sec. 11. The department may not approve the conversion plan...

28-1-21.8-12. Rights and Obligations of Converted Stock Savings Banks - Sec. 12. At the effective time of the charter conversion,...

28-1-21.8-13. Transitional Period - Sec. 13. The department may authorize the resulting stock savings...

28-1-21.8-14. Retention of Branches - Sec. 14. Notwithstanding IC 28-6.1-12, a stock savings bank created...

28-1-21.8-15. Articles of Conversion - Sec. 15. (a) To effect the stock savings bank conversion,...

28-1-21.8-16. Application of Banking Law - Sec. 16. (a) Except as provided in subsection (c), a...

28-1-21.8-17. Rules - Sec. 17. The department may adopt rules under IC 4-22-2...

Chapter 21.9. Charter Conversion of a Mutual Savings Bank to a Stock Savings Bank

28-1-21.9-1. Charter Conversion - Sec. 1. As used in this chapter, "charter conversion" means...

28-1-21.9-2. Conversion Plan - Sec. 2. As used in this chapter, "conversion plan" refers...

28-1-21.9-3. Effective Time of the Charter Conversion - Sec. 3. As used in this chapter, "effective time of...

28-1-21.9-4. Repealed - As added by P.L.42-1993, SEC.44. Repealed by P.L.262-1995, SEC.91.

28-1-21.9-5. Repealed - As added by P.L.42-1993, SEC.44. Repealed by P.L.27-2012, SEC.68.

28-1-21.9-5.1. Primary Federal Regulator - Sec. 5.1. As used in this chapter, "primary federal regulator"...

28-1-21.9-5.5. Savings Bank - Sec. 5.5. As used in this chapter, "savings bank" has...

28-1-21.9-6. Stock Savings Bank - Sec. 6. As used in this chapter, "stock savings bank"...

28-1-21.9-7. Voting Parties - Sec. 7. As used in this chapter, "voting parties" means...

28-1-21.9-8. Conversion to Stock Savings Banks - Sec. 8. With the approval of the department, a savings...

28-1-21.9-9. Conversion Procedures - Sec. 9. (a) The department shall prescribe procedures for charter...

28-1-21.9-9.5. Voting Rights - Sec. 9.5. The voting parties of a savings bank have...

28-1-21.9-10. Approval or Disapproval of Conversion Plans by Department; Hearings; Solicitation of Votes - Sec. 10. (a) The department may approve or disapprove the...

28-1-21.9-11. Conditions for Approval of Conversion Plans - Sec. 11. The department may not approve the conversion plan...

28-1-21.9-12. Rights and Obligations of Converted Stock Savings Banks - Sec. 12. At the effective time of the charter conversion,...

28-1-21.9-13. Transitional Period - Sec. 13. The department may authorize the resulting stock savings...

28-1-21.9-14. Retention of Branches - Sec. 14. Notwithstanding IC 28-6.1-12, a stock savings bank created...

28-1-21.9-15. Articles of Charter Conversion - Sec. 15. (a) To effect the charter conversion, the converting...

28-1-21.9-16. Application of Banking Law - Sec. 16. (a) Except as provided in subsection (c), a...

28-1-21.9-17. Rules - Sec. 17. The department may adopt rules under IC 4-22-2...

Chapter 21.10. Repealed - Repealed by P.L.1-2006, SEC.588.

Chapter 21.11. Repealed - Repealed by P.L.1-2006, SEC.588.

Chapter 21.12. Repealed - Repealed by P.L.1-2006, SEC.588.

Chapter 22. Foreign Corporations

28-1-22-1. Necessity of Certificate of Admission - Sec. 1. (a) Any bank, savings bank, trust company, corporate...

28-1-22-1.5. Corporations Domiciled in Indiana; Authority to File Notice of Registered Office and Registered Agent With Secretary of State - Sec. 1.5. (a) As used in this section, "eligible entity"...

28-1-22-2. Authorized Business; Equality of Rights and Privileges With Domestic Corporations - Sec. 2. (a) No foreign corporation shall be admitted for...

28-1-22-3. Restrictions on Name - Sec. 3. A foreign corporation shall not use or assume...

28-1-22-4. Application for Admission; Fees and Supporting Documents - Sec. 4. (a) To be admitted to do business in...

28-1-22-5. Repealed - Formerly: Acts 1933, c.40, s.328. Repealed by P.L.171-1996, SEC.44.

28-1-22-6. Repealed - Formerly: Acts 1933, c.40, s.329. As amended by P.L.263-1985, SEC.87;...

28-1-22-7. Application for Admission; Filing With Secretary of State; Certificate of Admission; Issuance; Contents - Sec. 7. Upon submission of a foreign corporation's application for...

28-1-22-8. Effect of Certificate of Admission - Sec. 8. A foreign corporation that has been issued a...

28-1-22-9. Repealed - Formerly: Acts 1933, c.40, s.332. As amended by P.L.171-1996, SEC.14....

28-1-22-10. Premature Transaction of Business; Personal Liability of Officers and Directors - Sec. 10. If a foreign corporation transacts business in this...

28-1-22-11. Investigation - Sec. 11. The department shall have power to investigate all...

28-1-22-12. Affidavit Stating Location of Principal Office and Name of Agent for Service of Process - Sec. 12. A foreign corporation admitted to do business in...

28-1-22-13. Repealed - Formerly: Acts 1933, c.40, s.336. As amended by P.L.263-1985, SEC.89....

28-1-22-14. Repealed - Formerly: Acts 1933, c.40, s.337. As amended by P.L.263-1985, SEC.90;...

28-1-22-15. Change of Business; Amended Certificate of Admission - Sec. 15. A foreign corporation admitted to do business in...

28-1-22-16. Application for Amended Certificate of Admission - Sec. 16. A foreign corporation may obtain an amended certificate...

28-1-22-17. Repealed - Formerly: Acts 1933, c.40, s.340. As amended by P.L.263-1985, SEC.91;...

28-1-22-18. Issuance of Amended Certificate of Admission - Sec. 18. Upon submission of an application for an amended...

28-1-22-19. Effect of Amended Certificate of Admission - Sec. 19. A foreign corporation that has been issued an...

28-1-22-20. Change of Business Before Approval; Personal Liability of Officers and Directors - Sec. 20. If a foreign corporation changes the nature of...

28-1-22-21. Statement of Withdrawal - Sec. 21. A foreign corporation may surrender its certificate of...

28-1-22-22. Form; Actions Not Affected - Sec. 22. The statement of withdrawal of a foreign corporation...

28-1-22-23. Repealed - Formerly: Acts 1933, c.40, s.346. Repealed by P.L.171-1996, SEC.44.

28-1-22-24. Revocation of Certificate of Admission - Sec. 24. The certificate of admission of any foreign corporation...

28-1-22-25. Duties of Department Upon Revocation - Sec. 25. (a) A certificate of admission of a foreign...

28-1-22-26. Repealed - Formerly: Acts 1933, c.40, s.349. As amended by P.L.263-1985, SEC.96....

28-1-22-27. Repealed - Formerly: Acts 1933, c.40, s.350. Repealed by P.L.171-1996, SEC.44.

28-1-22-28. Transaction of Business Without Certificate; Offenses; Remedies - Sec. 28. (a) No foreign corporation transacting business in this...

Chapter 23. Additional Provisions Pertaining to Financial Institutions

28-1-23-1. Fees Payable to Secretary of State; Fee on Basis of Capital Stock of Credit Union - Sec. 1. The fees payable to the secretary of state...

28-1-23-2. Fees Payable to Secretary of State; Fee on Basis of Capital Stock of Savings Association - Sec. 2. The fees payable to the secretary of state...

28-1-23-3. Repealed - Formerly: Acts 1933, c.40, s.353. As amended by P.L.263-1985, SEC.98....

28-1-23-4. Trust Business of National Banks; Duty to Furnish Information Concerning Obligation Secured by Real Estate; Noncompliance - Sec. 4. (a) Any national bank located within this state...

28-1-23-5. Execution of Verified Account, Report, or Other Paper - Sec. 5. Wherever any provision of this article requires that...

28-1-23-6. Restrictions on Incorporation and Organization - Sec. 6. (a) Except as provided in subsection (b), a...

28-1-23-7. Violations - Sec. 7. A person who recklessly violates a provision of...

28-1-23-8. Repealed - Formerly: Acts 1933, c.40, s.358. Repealed by Acts 1978, P.L.2,...

28-1-23-9. Repealed - Formerly: Acts 1933, c.40, s.362. As amended by P.L.263-1985, SEC.101....

28-1-23-10. Repealed - Formerly: Acts 1933, c.40, s.364. As amended by P.L.263-1985, SEC.102....

28-1-23-11. Repealed - Formerly: Acts 1933, c.40, s.366. Repealed by Acts 1978, P.L.2,...

28-1-23-12. Repealed - Formerly: Acts 1933, c.40, s.367. Repealed by Acts 1978, P.L.2,...

28-1-23-13. Repealed - Formerly: Acts 1933, c.40, s.368. Repealed by Acts 1978, P.L.2,...

28-1-23-14. Repealed - Formerly: Acts 1933, c.40, s.369; Acts 1945, c.348, s.26. Repealed...

28-1-23-15. Repealed - Formerly: Acts 1933, c.40, s.370; Acts 1945, c.348, s.27. Repealed...

28-1-23-16. Withdrawal of Deposits - Sec. 16. All persons, regardless of age, may become depositors...

Chapter 23.2. Prize Linked Savings Programs

28-1-23.2-1. "Director" - Sec. 1. As used in this chapter, "director" refers to...

28-1-23.2-2. "Eligible Depository Financial Institution" - Sec. 2. As used in this chapter, "eligible depository financial...

28-1-23.2-3. "Eligible Individual" - Sec. 3. As used in this chapter, "eligible individual", with...

28-1-23.2-4. "Qualified Account" - Sec. 4. (a) As used in this chapter, "qualified account",...

28-1-23.2-5. "Qualified Financial Program" - Sec. 5. (a) As used in this chapter, "qualified financial...

28-1-23.2-6. "Prize Linked Savings Program" - Sec. 6. As used in this chapter, "prize linked savings...

28-1-23.2-7. Required Conditions to Offer and Conduct a Prize Linked Savings Program - Sec. 7. (a) Subject to subsections (b) and (c) and...

28-1-23.2-8. Statement Describing the Terms and Conditions of Prize Linked Savings Programs - Sec. 8. (a) An eligible depository financial institution that offers...

28-1-23.2-9. Director Actions - Sec. 9. The director may do any of the following:...

Chapter 23.5. Electronic Activity by Financial Institutions

28-1-23.5-1. Application of Chapter - Sec. 1. This chapter applies to the following financial institutions:...

28-1-23.5-2. "Electronic Activity" - Sec. 2. As used in this chapter, "electronic activity" refers...

28-1-23.5-3. Consistency With Safety and Soundness Standards, Consumer Protection Laws, and Supervisory Guidance - Sec. 3. An electronic activity performed by a financial institution...

28-1-23.5-4. Electronic Activities; Statutory Authorization; Standards - Sec. 4. (a) The director may determine whether an electronic...

28-1-23.5-5. Electronic Activity Authorized as Part of Financial Institution's Business - Sec. 5. (a) An electronic activity is authorized for a...

28-1-23.5-6. Electronic Activity Incidental to Financial Institution's Business - Sec. 6. (a) An electronic activity is authorized for a...

28-1-23.5-7. Evaluation of Potential Risks; Authorization to Act - Sec. 7. (a) As used in this section, "potential risks",...

28-1-23.5-8. Activities Authorized for National Banks and Federal Credit Unions - Sec. 8. (a) A financial institution described in section 1(1),...

28-1-23.5-9. Performing Authorized or Required Activities Through Electronic Means - Sec. 9. A financial institution may perform, provide, or deliver...

Chapter 24. Repealed - Repealed by P.L.42-1993, SEC.103.

Chapter 25. Loans or Obligations Secured by the United States Government

28-1-25-1. Exemption From Limitations Under State Laws - Sec. 1. Whenever the United States, any federal reserve bank...

28-1-25-2. Application of Limitations Under State Laws to Unsecured Portion of Loans Partially Federally Secured - Sec. 2. Whenever the United States, any federal reserve bank...

28-1-25-3. Rules - Sec. 3. To permit and encourage financial institutions and investment...

Chapter 26. Repealed - Repealed by P.L.9-2022, SEC.56.

Chapter 26.5. Misrepresentation of Age

28-1-26.5-1. Estoppel by Representation - Sec. 1. When, in case of any loan or sale...

Chapter 27. Repealed - Repealed by P.L.14-1992, SEC.165.

Chapter 28. Repealed - Revisor's Note: Transferred to IC 28-1-29 by Acts 1972, P.L.10,...

Chapter 29. Debt Management Companies

28-1-29-0.5. Inapplicability; Attorneys; Depository Financial Institutions; Third-Party Bill Paying Services - Sec. 0.5. (a) This chapter does not apply to: (1)...

28-1-29-1. Definitions - Sec. 1. The following words, when used in this chapter,...

28-1-29-2. Administration of Chapter - Sec. 2. The department shall adopt such rules and regulations...

28-1-29-3. License Required; Persons Operating in Indiana; Evidence of Compliance; Fees; Violations; Renewal; Tax Warrant List - Sec. 3. (a) No person shall operate a debt management...

28-1-29-3.1. Change in Control of Licensee; Application to Department; Time Frame for Department's Decision; Conditions for Approval; Duty of Licensee to Report Transfer of Securities; Director's Discretion to Require New License - Sec. 3.1. (a) As used in this section, "control" means...

28-1-29-4. Suspension or Revocation of License; Order to Show Cause; Order of Suspension or Revocation; Relinquishment of License; Existing Contracts; Emergency Order for Revocation - Sec. 4. (a) The department may issue to a licensee...

28-1-29-4.1. Failure to File Renewal Application or Pay Renewal Fee; Revocation or Suspension of License - Sec. 4.1. (a) A license issued by the department under...

28-1-29-4.5. Collection Agencies or Process Servers; Licenses; Restriction - Sec. 4.5. After August 31, 1981, the department may not...

28-1-29-4.6. Repealed - As added by Acts 1981, P.L.256, SEC.2. Amended by P.L.42-1993,...

28-1-29-5. License Application; Findings by the Department; Felonies; Financial Statements; Denial; Hearing - Sec. 5. (a) Every person doing business as a debt...

28-1-29-5.5. Use of Nmlsr in Department's Licensing System; Reporting of Information to Nmlsr; Confidentiality; Director's Authority to Enter Agreements; Waiver of Privilege; Processing Fee; Electronic Records - Sec. 5.5. (a) As used in this section, "Nationwide Multistate...

28-1-29-6. Surety Bond; Requirements; Amount; Renewal; Termination; Liability; Notices - Sec. 6. (a) Each application for a license must be...

28-1-29-7. Repealed - Formerly: Acts 1971, P.L.397, SEC.1; Acts 1972, P.L.10, SEC.6. Repealed...

28-1-29-7.5. Felonies; Civil Actions; Enforcement Actions; Notice to Department - Sec. 7.5. (a) This section applies if, after a person...

28-1-29-7.7. Budget Analysis and Plan; Written Statement to Debtor; Creditor's Reduction of Amount Owed; Disclosure of Tax Implications - Sec. 7.7. (a) A licensee may not furnish debt management...

28-1-29-8. Agreement Between Licensee and Debtor; Contents; Delivery of Electronic Record; Debtor's Right to Terminate; Creditor's Decision to Reject or Withdraw From Plan; Notice to Creditors; Payments; Budget Analysis; Term of Agreement; Carrying o... - Sec. 8. (a) An agreement between a licensee and a...

28-1-29-8.3. Fees and Charges; Plan, Written Agreement, and Payment to Creditor Required; Set Up Fee; Monthly Service Fee; Close-Out Fee; Department Approval for Additional Charges; Returned Payment Charge; Fees Not Considered Debt - Sec. 8.3. (a) Except as otherwise permitted by this section,...

28-1-29-8.6. Repealed - As added by P.L.35-2010, SEC.129. Repealed by P.L.216-2013, SEC.28.

28-1-29-8.8. Debtor's Failure to Make Payment; Cancellation of Agreement; Letter of Continuation; Return of Money to Contract Debtor - Sec. 8.8. (a) If a contract debtor fails to make...

28-1-29-9. Trust Account; Separate Account for Indiana Contract Debtors Required; Commingling With Funds of Nonresidents With Approval of Director; Requirements and Restrictions; Required Balance; Reconciliation Procedures; Embezzlement; Relocating A... - Sec. 9. (a) All money paid to a licensee by...

28-1-29-9.5. Prohibited Acts; Unauthorized Practice of Law; Compensation Prohibited - Sec. 9.5. (a) A licensee may not, directly or indirectly,...

28-1-29-9.7. Advertising - Sec. 9.7. A licensee: (1) may not use false, misleading,...

28-1-29-10. Repealed - Formerly: Acts 1971, P.L.397, SEC.1; Acts 1972, P.L.10, SEC.6. As...

28-1-29-10.5. Record Keeping and Retention; Examinations and Investigations; Payment of Costs; Court Order Compelling Compliance; Confidentiality; Department's Investigatory and Enforcement Authority; Cooperative Regulatory Agreements; Examination of... - Sec. 10.5. (a) A licensee shall maintain in the licensee's...

28-1-29-11. Impounding Books, Records, and Accounts - Sec. 11. Upon affidavit of any person, or other information...

28-1-29-12. Repealed - Formerly: Acts 1971, P.L.397, SEC.1; Acts 1972, P.L.10, SEC.6. As...

28-1-29-13. Enforcement by the Department; Civil Penalties; Department's Recovery of Costs; Factors for Determining Amount of Civil Penalty; Violation a Class a Misdemeanor - Sec. 13. (a) The department may enforce this chapter and...

28-1-29-14. Review of Department Decisions; Applicability of Laws Governing Administrative Orders and Procedures; Venue - Sec. 14. Any applicant for a license aggrieved by a...

28-1-29-15. Providing Materials and Agreements Electronically; Consumer's Consent Required; Disclosures Through Internet Web Site; Debtor's Right to Request Written Copy - Sec. 15. (a) As used in this section, "consumer" means...

28-1-29-16. Disclosures and Documents to Be in English; Translation Required if Another Language Used - Sec. 16. Unless the department provides otherwise in a rule,...

28-1-29-17. Soliciting or Accepting Contributions From Debtors Prohibited - Sec. 17. Unless a fee is specifically authorized under the...

28-1-29-18. Delegation of Duties; Liability of Licensee; Violations by Lead Generators - Sec. 18. (a) If a licensee delegates any of the...

Chapter 30. Charter Conversion of a Credit Union to a Mutual Savings Bank

28-1-30-1. "Credit Union" Defined - Sec. 1. As used in this chapter, "credit union" has...

28-1-30-2. "Mutual Bank" Defined - Sec. 2. As used in this chapter, "mutual bank" means...

28-1-30-3. "Mutual Bank Conversion" Defined - Sec. 3. As used in this chapter, "mutual bank conversion"...

28-1-30-4. "Voting Parties" Defined - Sec. 4. As used in this chapter, "voting parties" means...

28-1-30-5. Conversion Procedures - Sec. 5. (a) A credit union may convert to a...

28-1-30-6. Approval of Conversion - Sec. 6. (a) The department may approve or disapprove the...

28-1-30-7. Resulting Mutual Bank - Sec. 7. Upon the conversion of a credit union, the...

28-1-30-8. Transitional Period - Sec. 8. (a) During a transitional period not to exceed...

28-1-30-9. Retention of Branch Banks - Sec. 9. A mutual bank created by charter conversion may...

28-1-30-10. Articles of Mutual Bank Conversion - Sec. 10. (a) The converting credit union shall file articles...

28-1-30-11. Applicability of Statutes and Rules - Sec. 11. Upon filing the articles of mutual bank conversion,...

28-1-30-12. Rules and Policies - Sec. 12. The department may adopt rules under IC 4-22-2...

Chapter 31. Conversion of an Out-of-State Financial Institution Charter Into a Commercial Bank

28-1-31-1. "Charter Conversion" - Sec. 1. As used in this chapter, "charter conversion" means...

28-1-31-2. "Commercial Bank" - Sec. 2. As used in this chapter, "commercial bank" means...

28-1-31-3. "Department" - Sec. 3. As used in this chapter, "department" means the...

28-1-31-4. "Effective Time of the Charter Conversion" - Sec. 4. As used in this chapter, "effective time of...

28-1-31-5. "Out-of-State Financial Institution" - Sec. 5. As used in this chapter, "out-of-state financial institution"...

28-1-31-6. Financial Institution May Effect Charter Conversion - Sec. 6. An out-of-state financial institution may, upon approval of...

28-1-31-7. Procedures for Charter Conversion - Sec. 7. The department shall prescribe procedures for charter conversions....

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Indiana Code Title 28. Financial Institutions Article 1. Department of Financial Institutions

Indiana Code
Title 28. Financial Institutions
Article 1. Department of Financial Institutions