Indiana Statutes

§ 28-6.1-6-8 — Accepting drafts for future payment; issuing letters of credit

Indiana § 28-6.1-6-8
JurisdictionIndiana
Art. 6.1SAVINGS BANKS
Ch. 6General Powers of a Savings Bank

This text of Indiana § 28-6.1-6-8 (Accepting drafts for future payment; issuing letters of credit) 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 § 28-6.1-6-8 (2026).

Text

A savings bank may accept for future payment drafts drawn upon the savings bank by its customers and may issue letters of credit with a specific expiration date authorizing the holders of the letters to draw drafts upon the savings bank or its correspondents at sight or on time.

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Legislative History

As added by P.L.42-1993, SEC.72.

Nearby Sections

15
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Bluebook (online)
Indiana § 28-6.1-6-8, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-6.1-6-8.