Indiana § 28-8-1-1.5 Investment in corporation by bank or trust company authorized

Indiana Statutes

§ 28-8-1-1.5 — Investment in corporation by bank or trust company authorized

Indiana § 28-8-1-1.5

Art. 8FINANCIAL SERVICES

Ch. 1Bank Service Corporations

This text of Indiana § 28-8-1-1.5 (Investment in corporation by bank or trust company authorized) 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 § 28-8-1-1.5 (2026).

Text

5.Notwithstanding any limitation or prohibition otherwise imposed by any provision of the laws of this state, any bank or trust company may invest in a bank service corporation upon the same terms and conditions as are provided by Section 709 of the Garn-St. Germain Depository Institutions Act of 1982 (Public Law 97-320; 96 Stat. 1469) for federally insured banks, and any such bank service corporation may perform the same functions, subject to the same limitations and restrictions, as are prescribed by the Garn-St. Germain Depository Institutions Act of 1982.

Free access — add to your briefcase to read the full text and ask questions with AI

5. Notwithstanding any limitation or
prohibition otherwise imposed by any provision of the laws of this
state, any bank or trust company may invest in a bank service
corporation upon the same terms and conditions as are provided by
Section 709 of the Garn-St. Germain Depository Institutions Act of
1982 (Public Law 97-320; 96 Stat. 1469) for federally insured banks,
and any such bank service corporation may perform the same
functions, subject to the same limitations and restrictions, as are
prescribed by the Garn-St. Germain Depository Institutions Act of
1982.