Sec. 4. A charitable organization may bring an action in court under section 3(d) of this chapter or file a complaint with the applicable primary regulator with jurisdiction over a financial institution or an insurance company if the charitable organization believes that a financial institution or insurance company is not complying with this chapter. If a charitable organization files a complaint, the applicable primary regulator shall investigate the complaint. The applicable primary regulator may impose a civil penalty on the financial institution or insurance company in an amount not less than five hundred dollars ($500) and not more than ten thousand dollars ($10,000) per incident.
Ind. Code § 23-17-25.7-4
Charitable organization's right of action; complaint with applicable primary regulator; civil penalty
Known as the Indiana Nonprofit Corporation Act
The act spans §§ 23-17-10-1 to 23-17-9-2 (200 sections).
As added by P.L.220-2025, SEC.2.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.