Indiana Statutes
§ 28-6.1-18-12 — Powers and restrictions of department
(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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Indiana § 28-6.1-18-12 (Powers and restrictions of department) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.42-1993, SEC.72.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows