Indiana Statutes
§ 28-1-2-6 — Prudent conduct of business
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 escrows