Indiana § 28-1-13-6 Extension of credit to officers, directors, or principal shareholders;
compliance with federal restrictions

Indiana Statutes

§ 28-1-13-6 — Extension of credit to officers, directors, or principal shareholders; compliance with federal restrictions

Indiana·Art. 1 DEPARTMENT OF FINANCIAL INSTITUTIONS·Ch. 13 Loans and Investments of Banks and Trust Companies

Any bank or trust company may extend credit
to an officer, a director, or a principal shareholder in accordance with
the restrictions and provisions of Regulation O of the Board of
Governors of the Federal Reserve System (12 CFR 215).
Formerly: Acts 1933, c.40, s.200; Acts 1935, c.5, s.36; Acts
1937, c.33, s.28; Acts 1943, c.148, s.1; Acts 1955, c.25, s.1; Acts 1969,
c.280, s.5. As amended by Acts 1977, P.L.291, SEC.1; Acts 1978,
P.L.2, SEC.2808; Acts 1981, P.L.250, SEC.1; P.L.265-1983, SEC.2;
P.L.144-1984, SEC.1; P.L.14-1992, SEC.91.

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Any bank or trust company may extend credit
to an officer, a director, or a principal shareholder in accordance with
the restrictions and provisions of Regulation O of the Board of
Governors of the Federal Reserve System (12 CFR 215).
Formerly: Acts 1933, c.40, s.200; Acts 1935, c.5, s.36; Acts
1937, c.33, s.28; Acts 1943, c.148, s.1; Acts 1955, c.25, s.1; Acts 1969,
c.280, s.5. As amended by Acts 1977, P.L.291, SEC.1; Acts 1978,
P.L.2, SEC.2808; Acts 1981, P.L.250, SEC.1; P.L.265-1983, SEC.2;
P.L.144-1984, SEC.1; P.L.14-1992, SEC.91.

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