Indiana § 28-11-1-15 Director's powers; state of emergency or governor's approval

Indiana Statutes

§ 28-11-1-15 — Director's powers; state of emergency or governor's approval

Indiana·Art. 11 DEPARTMENT OF FINANCIAL INSTITUTIONS·Ch. 1 Establishment of the Department of Financial Institutions

If the governor:

(1)declares, under IC 10-14-3-12, a state of emergency in all or part of Indiana; or

(2)in the absence of a declaration under subdivision (1), gives prior approval to the director; the director is authorized to take necessary and appropriate action to establish or preserve safe and sound methods of banking and other action the director considers necessary under the circumstances to promote and safeguard the interests of depositors, debtors, consumers, creditors, or the public.

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If the governor:
(1) declares, under IC 10-14-3-12, a state of emergency in all or
part of Indiana; or
(2) in the absence of a declaration under subdivision (1), gives
prior approval to the director;
the director is authorized to take necessary and appropriate action to
establish or preserve safe and sound methods of banking and other
action the director considers necessary under the circumstances to
promote and safeguard the interests of depositors, debtors, consumers,
creditors, or the public.

Indiana § 28-11-1-15 (Director's powers; state of emergency or governor's approval) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.