Indiana Statutes
§ 28-9-5-2 — Indemnification of depository financial institution by adverse claimant
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
Indiana § 28-9-5-2 (Indemnification of depository financial institution by adverse claimant) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.258-1989, SEC.2.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows