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Ind. Code § 28-9-5-2

Indemnification of depository financial institution by adverse claimant

As added by P.L.258-1989, SEC.2.

Sec. 2. If a depository financial institution:

(1) has responded in good faith to an adverse claimant under this article; and

(2) is held liable to a depositor or another person by reason of the failure of the depository financial institution to treat a deposit account in accordance with an agreement made between the depository financial institution and a depositor;

the depository financial institution is entitled to indemnification from the adverse claimant for the full amount of damages incurred by the depository financial institution, including attorney's fees.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.