Chapter

General Powers of a Savings Bank

Ind. Code § 28-6.1-6-1— Discounting, negotiating, selling, and guaranteeing evidences of debt
Ind. Code § 28-6.1-6-2— Buying and selling exchange, coin, and bullion
Ind. Code § 28-6.1-6-3— Loaning money; engaging in tax equity finance transactions
Ind. Code § 28-6.1-6-4— Borrowing money
Ind. Code § 28-6.1-6-5— Receiving savings and demand deposits
Ind. Code § 28-6.1-6-6— Receiving deposits of securities and personal property
Ind. Code § 28-6.1-6-7— Contracting for and receiving highest rate of interest
Ind. Code § 28-6.1-6-8— Accepting drafts for future payment; issuing letters of credit
Ind. Code § 28-6.1-6-9— Exercising general banking powers; issuing money
Ind. Code § 28-6.1-6-10— Receiving deposits of state and federal public funds
Ind. Code § 28-6.1-6-11— Acting as fiscal or transfer agent of government bodies
Ind. Code § 28-6.1-6-12— Transferring, registering, and countersigning certificates of stock, bonds, and other evidences of indebtedness
Ind. Code § 28-6.1-6-13— Acting as agent to buy and sell transportation
Ind. Code § 28-6.1-6-14— Soliciting and writing insurance; acting as insurance producer for life insurance or annuity; prohibitions; authority to purchase and hold life insurance
Ind. Code § 28-6.1-6-15— Acting as attorney
Ind. Code § 28-6.1-6-16— Receiving personal property for deposit
Ind. Code § 28-6.1-6-17— Acting under court appointment
Ind. Code § 28-6.1-6-18— Acting in probate
Ind. Code § 28-6.1-6-19— Acting as guardian, trustee, or personal representative
Ind. Code § 28-6.1-6-20— Taking, accepting, and executing trusts
Ind. Code § 28-6.1-6-21— Acting in fiduciary capacity
Ind. Code § 28-6.1-6-22— Receiving fees, commissions, gifts, and things of value
Ind. Code § 28-6.1-6-22.5— Profit or commission on sales or purchases; necessity of specific authorization; surcharge
Ind. Code § 28-6.1-6-23— Requesting mergers, consolidations, and joinings
Ind. Code § 28-6.1-6-24— Request to exercise rights and privileges granted to national banks; appeal
Ind. Code § 28-6.1-6-25— Requirement to provide property tax information in certain transactions
Ind. Code § 28-6.1-6-26— Authorization for savings banks to use fiduciary funds in conflict of interest transactions; conditions; notice; required consent