§ 10

Ind. Code § 28-6.1-8-10

Depositing funds; permissible institutions and accounts

As added by P.L.42-1993, SEC.72. Amended by P.L.79-1998, SEC.72; P.L.89-2011, SEC.45.

A savings bank may deposit its funds in:

  1. (1) a federally chartered savings association; or

  2. (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.

Log InSign Up