§ 28-2-13-22.5 — Temporary facilities on college or university premises

Indiana § 28-2-13-22.5

• Jurisdiction: Indiana
• Art. 2: BANKS
• Ch. 13: Branch Banks

Text

5. (a) A state bank is entitled to establish
a temporary facility on the premises of an accredited college or
university in Indiana for the purpose of offering limited account
services.
(b) The services that may be offered at a temporary facility
established under this section include:
(1) the opening of accounts;
(2) the acceptance of deposits; and
(3) other services determined by the department.
(c) To establish a temporary facility under this section, a state bank
is not required to submit an application to the department. However,
before establishing a temporary facility under this section, a state bank
must:
(1) obtain the written permission of the college or university for
the establishment and operation of the facility on the premises of
the college or university; and
(2) notify the department in writing of the intention of the state
bank to establish the temporary facility.
(d) A written notice provided to the department under subsection
(c)(2) must:
(1) be in the form; and
(2) contain the information;
prescribed by the department.
(e) A temporary facility operated by a state bank under this section:
(1) may be operated only:
(A) during registration periods of the college or university; and
(B) for an additional period that may not exceed seven (7) days
during a calendar year; and
(2) must meet all other requirements of state law applying to state
banks.

Legislative History

As added by P.L.262-1995, SEC.54.