Indiana § 28-7-1-31.5 Insurance; examinations

Indiana Statutes

§ 28-7-1-31.5 — Insurance; examinations

Indiana § 28-7-1-31.5

Art. 7SPECIALIZED FINANCIAL INSTITUTIONS

Ch. 1Credit Unions

This text of Indiana § 28-7-1-31.5 (Insurance; examinations) 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 § 28-7-1-31.5 (2026).

Text

5.

(a)Before transacting business in Indiana, a credit union shall insure its shares and other deposits with the National Credit Union Share Insurance Fund or a similar insurance company approved by the department.

(b)The department may examine any organization that insures the shares of a credit union that is subject to this chapter. The reasonable costs of an examination conducted under this subsection may be charged to the organization that is examined.

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5. (a) Before transacting business in Indiana,
a credit union shall insure its shares and other deposits with the
National Credit Union Share Insurance Fund or a similar insurance
company approved by the department.
(b) The department may examine any organization that insures the
shares of a credit union that is subject to this chapter. The reasonable
costs of an examination conducted under this subsection may be
charged to the organization that is examined.