Indiana Statutes
§ 28-1-3.1-12 — Federal deposit insurance; payments of deposit liabilities; subrogation
Indiana § 28-1-3.1-12
JurisdictionIndiana
Art. 1DEPARTMENT OF FINANCIAL INSTITUTIONS
Ch. 3.1Liquidation of Financial Institutions
This text of Indiana § 28-1-3.1-12 (Federal deposit insurance; payments of deposit liabilities; subrogation) 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 § 28-1-3.1-12 (2026).
Text
Whenever a federal deposit insurance
agency pays or makes available for payment the insured deposit
liabilities of a closed financial institution, the federal deposit insurance
agency, whether or not it acts as receiver, shall be subrogated by
operation of law to all rights against the closed financial institutions of
each owner of a claim for deposit so paid by the federal deposit
insurance agency to the extent necessary to enable the federal deposit
insurance agency, under federal law, to make insurance payments
available to depositors of closed financial institutions.
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Legislative History
As added by P.L.141-1984, SEC.2.
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 § 28-1-3.1-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-1-3.1-12.