Indiana § 28-6.1-6-3 Loaning money; engaging in tax equity finance transactions

Indiana Statutes

§ 28-6.1-6-3 — Loaning money; engaging in tax equity finance transactions

Indiana § 28-6.1-6-3

Art. 6.1SAVINGS BANKS

Ch. 6General Powers of a Savings Bank

This text of Indiana § 28-6.1-6-3 (Loaning money; engaging in tax equity finance transactions) 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 § 28-6.1-6-3 (2026).

Text

(a)A savings bank may loan money.

(b)Subject to any regulation, rule, policy, or guidance adopted by the department, pursuant to its lending authority, a savings bank may engage directly or indirectly in any tax equity finance transaction permissible for a national bank or federal savings association under 12 CFR 7.1025. The authority to engage in tax equity finance transactions under this subsection is separate from, and does not limit, any investment authorities available to a savings bank. A tax equity finance transaction is subject to the substantive legal requirements of a loan, including, without limitation, IC 28-6.1-9.

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(a) A savings bank may loan money.
(b) Subject to any regulation, rule, policy, or guidance adopted by
the department, pursuant to its lending authority, a savings bank may
engage directly or indirectly in any tax equity finance transaction
permissible for a national bank or federal savings association under 12
CFR 7.1025. The authority to engage in tax equity finance transactions
under this subsection is separate from, and does not limit, any
investment authorities available to a savings bank. A tax equity finance
transaction is subject to the substantive legal requirements of a loan,
including, without limitation, IC 28-6.1-9.