Title 28, FINANCIAL INSTITUTIONS

Sec. 13. A savings bank may act as an agent to buy and sell domestic and foreign transportation. As added by P.L.42-1993, SEC.72.

Sec. 14. (a) A savings bank may solicit and write insurance as an insurance producer or a broker for any insurance company authorized to do business in the state or states where the insurance producer or broker operates. (b) A savings bank or its affiliate (as defined in IC 28-6.…

Sec. 15. A savings bank may act as an attorney in fact or agent of any foreign or domestic person or corporation for any lawful purpose. As added by P.L.42-1993, SEC.72.

Sec. 16. (a) A savings bank may do the following: (1) Receive upon deposit for safekeeping or in escrow, money, bonds, mortgages, jewelry, plate, stock, securities, valuable papers of any kind, and other personal property. (2) Lease receptacles for safe deposits of personal prope…

Sec. 17. A savings bank may act under court appointment as any of the following: (1) Commissioner for the sale of real property. (2) Guardian of the person or estate of an incapacitated person (as defined in IC 29-3-1-7.5), or in other instances where a guardian may be appointed.…

Sec. 18. (a) A savings bank may do any of the following: (1) Act as the personal representative of the estate of a deceased individual. (2) Act as the trustee under the last will and testament of a deceased individual. (3) Act under court appointment as personal representative or…

Sec. 19. (a) A savings bank may act under court appointment as guardian, trustee, or personal representative on the application or consent of a person acting or entitled to act as such and in the place of that person. (b) An appointment under subsection (a) may be made: (1) upon …

Sec. 2. A savings bank may buy and sell exchange, coin, and bullion. As added by P.L.42-1993, SEC.72.

Sec. 20. A savings bank may do any of the following: (1) Take, accept, and execute a legal trust, duties, and powers in regard to: (A) the holding, management, sale, or disposition of property; and (B) the rents and profits from that property; that are granted or confided to the …

Sec. 21. (a) Except as otherwise provided in this article, a savings bank may act: (1) in a fiduciary capacity permitted by this article; and (2) as commissioner for the sale of real estate; without bond or other security. (b) When a savings bank is acting in a fiduciary capacity…

Sec. 22. Except as otherwise provided by law, an officer, a trustee, an employee, an agent, or an attorney of a savings bank commits a Class A misdemeanor if the individual stipulates for, receives, or agrees to receive a fee, commission, gift, or thing of value from any person f…

Sec. 22.5. (a) Except for interest at the legal rate on a loan or advancement, a savings bank may not, directly or indirectly, receive a profit or commission from the sale to or purchase from an estate, a guardianship, or a trust of which the savings bank is the fiduciary unless …

Sec. 23. Notwithstanding any other provision of this article, a savings bank may request under IC 28-1-7-25 or IC 28-3-2-10 that the department order its merger, consolidation, or other joining with a bank or trust company organized under IC 28-1 or with a national banking associ…

Sec. 24. (a) As used in this section, "rights and privileges" means the power: (1) to: (A) create; (B) deliver; (C) acquire; or (D) sell; a product, a service, or an investment that is available to or offered by; or (2) to engage in mergers, consolidations, reorganizations, or ot…

Sec. 25. With respect to a residential real property financing or refinancing, a savings bank shall comply with IC 6-1.1-12-43. As added by P.L.64-2004, SEC.31.

Sec. 26. (a) Unless otherwise provided in an agreement or a trust, a savings bank that holds funds or property as a fiduciary may use the funds or property to purchase from the savings bank or an affiliate of the savings bank a product, service, or security, including an insuranc…

Sec. 3. (a) A savings bank may loan money. (b) Subject to any regulation, rule, policy, or guidance adopted by the department, pursuant to its lending authority, a savings bank may engage directly or indirectly in any tax equity finance transaction permissible for a national bank…

Sec. 4. A savings bank may borrow money and do the following: (1) Issue notes, bonds, or debentures to evidence that borrowing. (2) Mortgage, pledge, or hypothecate any of its assets to secure the repayment of that money. As added by P.L.42-1993, SEC.72.

Sec. 5. (a) A savings bank may receive savings deposits and, subject to subsection (b), demand deposits. (b) If a savings bank accepts demand deposits, the savings bank shall establish and maintain the reserve balances prescribed by law applicable to banks and trust companies or …

Sec. 6. A savings bank may receive deposits of securities or other personal property from any person or corporation, upon terms agreed upon by the parties. As added by P.L.42-1993, SEC.72.

Sec. 7. A savings bank may contract for and receive on loans and discounts the highest rate of interest allowed to be contracted for and received by individuals. As added by P.L.42-1993, SEC.72.

Sec. 8. A savings bank may accept for future payment drafts drawn upon the savings bank by its customers and may issue letters of credit with a specific expiration date authorizing the holders of the letters to draw drafts upon the savings bank or its correspondents at sight or o…

Sec. 9. A savings bank may exercise all the powers incidental, proper, necessary, or usual in carrying on a general banking business, but it may not issue bills to circulate as money. As added by P.L.42-1993, SEC.72.

Sec. 1. Each mutual holding company shall furnish, in the manner and in the form prescribed by the director, an annual report for: (1) the fiscal year in which it becomes a mutual holding company; and (2) each fiscal year during which it remains a mutual holding company. Addition…

Sec. 2. The department may examine any mutual holding company and each of its subsidiaries. The department may rely on examination reports made by the primary federal or state supervisor of a subsidiary financial institution of a mutual holding company. As added by P.L.122-1994, …

Sec. 3. The provisions of IC 28-11 and IC 28-13 apply to a mutual holding company as if the mutual holding company were a mutual savings bank. As added by P.L.122-1994, SEC.101.