Indiana Statutes
§ 28-1-2-6 — Prudent conduct of business
Indiana § 28-1-2-6
JurisdictionIndiana
Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS
Ch. 2Powers and Duties of the Department
This text of Indiana § 28-1-2-6 (Prudent conduct of business) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 28-1-2-6 (2026).
Text
Every financial institution to which this article
is applicable shall conduct and transact its business in a safe and
prudent manner; shall maintain such institution in a safe and solvent
condition; and shall establish and maintain safe and sound methods for
the conduct of such financial institution and its business and prudential
affairs.
Formerly: Acts 1933, c.40, s.9; Acts 1971, P.L.394,
SEC.6.
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Related
Indiana Department of Financial Institutions v. Worthington Bancshares, Inc.
728 N.E.2d 899 (Indiana Court of Appeals, 2000)
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrowsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 28-1-2-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-1-2-6.