Indiana § 28-6.1-13-6 Civil penalties

Indiana Statutes

§ 28-6.1-13-6 — Civil penalties

Indiana § 28-6.1-13-6

Art. 6.1SAVINGS BANKS

Ch. 13Statement of Condition

This text of Indiana § 28-6.1-13-6 (Civil penalties) 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 § 28-6.1-13-6 (2026).

Text

(a)A savings bank that does any of the following is subject to a civil penalty of one hundred dollars ($100) for each day that elapses after the date fixed by the department for compliance with the terms of the department's notice concerning statements of condition:

(1)Fails to prepare and submit a statement of condition required by the department.

(2)Violates an order of the department with respect to a statement of condition.

(b)The penalty prescribed by this section may be recovered under IC 28-11-4.

(c)A penalty recovered under this section shall be paid into the state general fund.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A savings bank that does any of the
following is subject to a civil penalty of one hundred dollars ($100) for
each day that elapses after the date fixed by the department for
compliance with the terms of the department's notice concerning
statements of condition:
(1) Fails to prepare and submit a statement of condition required
by the department.
(2) Violates an order of the department with respect to a statement
of condition.
(b) The penalty prescribed by this section may be recovered under
IC 28-11-4.
(c) A penalty recovered under this section shall be paid into the state
general fund.