Title 28, FINANCIAL INSTITUTIONS

Sec. 2. (a) A corporation with more than fifty (50) shareholders must hold a special meeting of shareholders on call of the corporation's board of directors or the person or persons, including shareholders or officers, specifically authorized to do so by the articles of incorpora…

Sec. 3. A corporation with not more than fifty (50) shareholders must hold a special meeting of shareholders as follows: (1) On call of the corporation's board of directors or the person or persons, including shareholders or officers, specifically authorized to do so by the artic…

Sec. 4. (a) Special meetings of shareholders shall be held at the principal office of the corporation, or in the city, town, or county in which the principal office is located at the place stated in or fixed in accordance with the bylaws. If no place is stated or fixed in accorda…

Sec. 5. (a) The circuit or superior court of the county where a corporation's principal office is located may order a meeting to be held and may fix the time and place of the meeting. (b) A meeting ordered under this section shall be conducted in accordance with the corporation's…

Sec. 6. (a) Action required or permitted by this article to be taken at a shareholders' meeting may be taken without a meeting if the action is taken by all the shareholders entitled to vote on the action. The action must be evidenced by at least one (1) written consent describin…

Sec. 7. If this article requires that notice of proposed action be given to nonvoting shareholders and the action is to be taken by unanimous consent of the voting shareholders, the corporation must give its nonvoting shareholders written notice of the proposed action at least te…

Sec. 8. (a) A corporation shall notify shareholders of the date, time, and place of each annual and special shareholders' meeting not less than ten (10) or more than sixty (60) days before the meeting date. Unless this article or the articles of incorporation require otherwise, t…

Sec. 9. Unless the bylaws require otherwise, if an annual or special shareholders' meeting is adjourned to a different date, time, or place, notice need not be given of the new date, time, or place if the new date, time, or place is announced at the meeting before adjournment. If…

Sec. 1. As used in this chapter, "total equity capital" means unimpaired capital stock, unimpaired surplus, unimpaired undivided profits, and subordinated debt. As added by P.L.262-1995, SEC.90.

Sec. 10. A corporate fiduciary that purchases a security for its own account shall maintain sufficient records of the security to allow the security to be properly identified by the department for examination purposes. As added by P.L.176-1996, SEC.33.

Sec. 2. Except as otherwise provided in this article, the business of dealing in investment securities by a corporate fiduciary is limited to purchasing and selling securities without recourse, solely upon the order and for the account of customers and not for its own account. As…

Sec. 3. A corporate fiduciary may not underwrite or guarantee all or any part of an issue of securities other than obligations issued or guaranteed by or on behalf of: (1) the state; (2) a political subdivision of the state; or (3) an agency or instrumentality of the state. As ad…

Sec. 4. (a) A corporate fiduciary may purchase for its own account and sell investment securities under the limitations and restrictions the department prescribes by rule or policy. However, the total amount of the investment securities of any one (1) obligor or maker purchased o…

Sec. 5. A corporate fiduciary may purchase for its own account and sell: (1) shares of investment companies, the portfolios of which consist solely of securities that are eligible for purchase and sale by national banking associations; and (2) mortgage backed securities that are …

Sec. 6. A corporate fiduciary may deposit funds into accounts, and in amounts, that are federally insured. A credit union service organization established as a corporate fiduciary under IC 28-14-3-24 may deposit its funds in the credit union or credit unions that control the cred…

Sec. 6.5. (a) A corporate fiduciary may not purchase for its own account any bond, note, or other evidence of indebtedness that is commonly designated as a security that is speculative in character or that has speculative characteristics. For the purposes of this subsection, a se…

Sec. 7. Except as otherwise authorized by this title, a corporate fiduciary may not purchase any share of stock of a corporation that is not a subsidiary of the corporate fiduciary. As added by P.L.262-1995, SEC.90.

Sec. 8. (a) Notwithstanding any other provision of this article, a corporate fiduciary may invest in a casualty insurance company organized solely for the purpose of insuring: (1) banks; (2) corporate fiduciaries; (3) trust companies; and (4) bank holding companies and their offi…

Sec. 9. The rules or policies adopted by the department under IC 28-14-8 may define the term "investment security" for the purposes of this chapter. As added by P.L.262-1995, SEC.90.

Sec. 1. A savings association may require advance notice of withdrawal. As added by P.L.193-1997, SEC.2.

Sec. 2. A member who has made a deposit withdrawal request does not cease to be a depositor until the request is paid. As added by P.L.193-1997, SEC.2.

Sec. 3. All persons, regardless of age, may become depositors in a savings association and shall be subject to the same duties and liabilities respecting their deposits. Whenever a deposit is accepted by a savings association in the name of any person, regardless of age, the depo…

Sec. 1. A savings bank shall make provision for adequate fidelity coverage for all officers and employees having access to money or bonds of the savings bank. As added by P.L.42-1993, SEC.72.

Sec. 2. The amount and form of fidelity coverage must be approved by the board of the savings bank. As added by P.L.42-1993, SEC.72.

Sec. 3. Fidelity coverage may be provided in either of the following ways: (1) In the form of a blanket fidelity bond issued by a corporate surety authorized to transact business in Indiana. (2) Through establishment of a separate reserve fund within the savings bank for that pur…

Sec. 1. A mutual holding company may do the following: (1) Invest in or acquire control of: (A) a bank, savings bank, or savings association; or (B) the holding company of a bank, savings bank, or savings association. (2) Acquire a mutual savings bank or mutual savings associatio…

Sec. 2. (a) A mutual holding company, to collateralize an obligation of its own or of any of its subsidiaries or affiliates, may pledge any stock that comprises a minority interest in any subsidiary or any stock that the mutual holding company holds in the following: (1) A subsid…

Sec. 3. Within ten (10) days after any pledge of stock, a mutual holding company shall: (1) notify the director in writing regarding the terms of the transaction, including the amount of principal and interest, the repayment terms, the maturity date, the nature and amount of coll…

Sec. 4. A mutual holding company that fails to make any payment on a loan secured by the pledge of stock by the date on which the payment is due shall, on the first day after the payment is due and not made, provide written notice of nonpayment to the director. As added by P.L.12…

Sec. 5. A subsidiary savings bank of a mutual holding company that has any stockholders other than the savings bank's mutual holding company may not repurchase any share of stock within three (3) years of the stock's date of issuance without the prior written approval of the dire…

Sec. 6. A mutual holding company may, at any time, and without prior approval of the department, acquire additional shares of the stock of a subsidiary savings bank. As added by P.L.122-1994, SEC.101.

Sec. 7. With the written approval of the department, a mutual holding company may do the following: (1) Directly or indirectly transfer any interest in stock that it holds in any subsidiary savings bank. (2) Cause or permit the transfer of all or a substantial portion of the asse…

Sec. 8. Unless authorized by the director, a mutual holding company may not waive its right to receive any dividend declared by a subsidiary. As added by P.L.122-1994, SEC.101.