Indiana § 28-6.1-11-3 Limitation on investments; investments in holding corporations

Indiana Statutes

§ 28-6.1-11-3 — Limitation on investments; investments in holding corporations

Indiana § 28-6.1-11-3

Art. 6.1SAVINGS BANKS

Ch. 11Real Property Holdings by Savings Banks

This text of Indiana § 28-6.1-11-3 (Limitation on investments; investments in holding corporations) 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 § 28-6.1-11-3 (2026).

Text

(a)Except with the approval of the department, the sum invested in real property used for the convenient transaction of business may not exceed fifty percent (50%) of the unimpaired capital stock, surplus, and retained earnings of the savings bank.

(b)The investment may be made in the stock of a corporation organized to own and hold the real property occupied and used wholly or in part by the savings bank.

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(a) Except with the approval of the
department, the sum invested in real property used for the convenient
transaction of business may not exceed fifty percent (50%) of the
unimpaired capital stock, surplus, and retained earnings of the savings
bank.
(b) The investment may be made in the stock of a corporation
organized to own and hold the real property occupied and used wholly
or in part by the savings bank.