Indiana § 28-1-20-7 Associations of banks and trust companies; authority to join

Indiana Statutes

§ 28-1-20-7 — Associations of banks and trust companies; authority to join

Indiana § 28-1-20-7

Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS

Ch. 20General Provisions Concerning Banks and Trust

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Bluebook

Ind. Code § 28-1-20-7 (2026).

Text

With the consent and approval of the
department, any bank or trust company may become associated with
any organization or association of banks and trust companies, whether
state or national, or both, if such organization or association is formed
pursuant to federal legislation which confers on banks or trust
companies in this state the privilege of participating in such
organization or association, and the purposes thereof are not
inconsistent with any law of this state.
Formerly: Acts 1933, c.40, s.249.

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With the consent and approval of the
department, any bank or trust company may become associated with
any organization or association of banks and trust companies, whether
state or national, or both, if such organization or association is formed
pursuant to federal legislation which confers on banks or trust
companies in this state the privilege of participating in such
organization or association, and the purposes thereof are not
inconsistent with any law of this state.
Formerly: Acts 1933, c.40, s.249.