§ 28-2-13-22.6 — Intermittent facilities on school premises; services; notice to department; operation

Indiana § 28-2-13-22.6

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

Text

6. (a) As used in this chapter, "school"
means:
(1) an elementary school (as defined in IC 20-18-2-4); or
(2) a secondary school (as defined in IC 20-18-2-18).
The term includes a public school (as defined in IC 20-18-2-15) or a
nonpublic school (as defined in IC 20-18-2-12).
(b) A state bank is entitled to establish an intermittent facility on the
premises of a school in Indiana for the purpose of offering limited
account services as an educational tool for students.
(c) The services that may be offered at an intermittent facility
established under this section include:
(1) the opening of accounts;
(2) the acceptance of deposits; and
(3) other services determined by the department.
(d) To establish an intermittent facility under this section, a state
bank is not required to submit an application to the department.
However, before establishing an intermittent facility under this section,
a state bank must:
(1) obtain the written permission of:
(A) the governing body of the school corporation, for a public
school; or
(B) the equivalent authority for a nonpublic school;
for the establishment and operation of the facility on the premises
of the school; and
(2) notify the department in writing of the intention of the state
bank to establish the intermittent facility.
(e) A written notice provided to the department under subsection
(d)(2) must:
(1) be in the form; and
(2) contain the information;
prescribed by the department.
(f) An intermittent facility operated by a state bank under this
section:
(1) may be operated only during the school year; and
(2) must meet all other requirements of state law applying to state
banks.

Legislative History

As added by P.L.90-2008, SEC.34.