Indiana § 28-1-15-4 Violation; penalty; recovery

Indiana Statutes

§ 28-1-15-4 — Violation; penalty; recovery

Indiana § 28-1-15-4

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 15Statements of Condition of Banks and Trust Companies

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Bluebook

Ind. Code § 28-1-15-4 (2026).

Text

Any bank or trust company which shall fail to
prepare and submit any statement of condition required by the
department, and any bank or trust company which shall violate any
order of the department with respect to such statement or statements,
shall be subject to a penalty of one hundred dollars ($100) for each day
that shall elapse after the date fixed by the department for compliance
with the terms of its notice concerning statements of condition. The
penalty prescribed under this section may be recovered in any court of
competent jurisdiction, in an action by the state of Indiana, on the
relation of "The Department of Financial Institutions" and when so
recovered, such penalty shall be paid into the general fund of the state
treasury.
Formerly: Acts 1933, c.40, s.214. As amended by P.L.

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Any bank or trust company which shall fail to
prepare and submit any statement of condition required by the
department, and any bank or trust company which shall violate any
order of the department with respect to such statement or statements,
shall be subject to a penalty of one hundred dollars ($100) for each day
that shall elapse after the date fixed by the department for compliance
with the terms of its notice concerning statements of condition. The
penalty prescribed under this section may be recovered in any court of
competent jurisdiction, in an action by the state of Indiana, on the
relation of "The Department of Financial Institutions" and when so
recovered, such penalty shall be paid into the general fund of the state
treasury.
Formerly: Acts 1933, c.40, s.214. As amended by P.L.136-2018,
SEC.208.