§ 28-6.1-7-7 — Owning and leasing property

Indiana § 28-6.1-7-7

• Jurisdiction: Indiana
• Art. 6.1: SAVINGS BANKS
• Ch. 7: Powers of a Savings Bank Subject to the Rules of the

Text

Subject to any restrictions the department may
impose, a savings bank may:
(1) become the owner or lessor of personal or real property upon
the request of and for the use of a customer; and
(2) incur additional obligations incident to becoming an owner or
a lessor of the property.

Legislative History

As added by P.L.42-1993, SEC.72. Amended by P.L.11-1998, SEC.11.