Sec. 2. Any bank or trust company shall have power to act as fiscal or transfer agent of the United States or of any state, municipality, body politic or corporation; and in such capacity to receive and disburse money; to transfer, register and countersign certificates of stock, bonds or other evidence of indebtedness; to authenticate and certify any such bonds and certificates of indebtedness; to act as agent to buy and sell domestic and foreign transportation; to solicit and write insurance as an insurance producer or broker for any insurance company authorized to do business in the state or states where the insurance producer or broker operates; and to act as attorney in fact or agent of any person or corporation, foreign or domestic, for any lawful purpose.
Ind. Code § 28-1-11-2
Fiscal or transfer agent; transportation agent; insurance producer or broker; attorney in fact
Known as the The Indiana Financial Institutions Act
The act spans §§ 28-1-1-1 to 28-1-9-9 (499 sections).
Applied in 1 court decision — leading case Independent Insurance Agents of America, Inc. v. Board of Governors of the Federal Reserve System (1989)
Most recently applied in Independent Insurance Agents of America, Inc. v. Board of Governors of the Federal Reserve System (November 1989)
Formerly: Acts 1933, c.40, s.171
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.