Indiana § 28-9-5-2 Indemnification of depository financial institution by adverse claimant

Indiana Statutes

§ 28-9-5-2 — Indemnification of depository financial institution by adverse claimant

Indiana § 28-9-5-2

Art. 9DEPOSITORY FINANCIAL INSTITUTIONS

Ch. 5Immunity; Indemnification; Interpleader

This text of Indiana § 28-9-5-2 (Indemnification of depository financial institution by adverse claimant) 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 § 28-9-5-2 (2026).

Text

If a depository financial institution:

(1)has responded in good faith to an adverse claimant under this article; and

(2)is held liable to a depositor or another person by reason of the failure of the depository financial institution to treat a deposit account in accordance with an agreement made between the depository financial institution and a depositor; the depository financial institution is entitled to indemnification from the adverse claimant for the full amount of damages incurred by the depository financial institution, including attorney's fees.

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

If a depository financial institution:
(1) has responded in good faith to an adverse claimant under this
article; and
(2) is held liable to a depositor or another person by reason of the
failure of the depository financial institution to treat a deposit
account in accordance with an agreement made between the
depository financial institution and a depositor;
the depository financial institution is entitled to indemnification from
the adverse claimant for the full amount of damages incurred by the
depository financial institution, including attorney's fees.