Indiana § 28-6.1-18-12 Powers and restrictions of department

Indiana Statutes

§ 28-6.1-18-12 — Powers and restrictions of department

Indiana § 28-6.1-18-12

Art. 6.1SAVINGS BANKS

Ch. 18Liquidation and Dissolution of a Savings Bank

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Bluebook

Ind. Code § 28-6.1-18-12 (2026).

Text

(a)During the ten (10) day period after the publication required by section 7 of this chapter, the department may make orders regarding the deposits of the savings bank that the department considers in the best interests of all the depositors and creditors of the savings bank.

(b)Except as provided in this chapter, the department, insofar as is applicable and practical, has the same powers and is subject to the same restrictions as if the savings bank were insolvent.

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(a) During the ten (10) day period after the
publication required by section 7 of this chapter, the department may
make orders regarding the deposits of the savings bank that the
department considers in the best interests of all the depositors and
creditors of the savings bank.
(b) Except as provided in this chapter, the department, insofar as is
applicable and practical, has the same powers and is subject to the
same restrictions as if the savings bank were insolvent.