28-15-5-2. Depositor; Status After Withdrawal Request
Sec. 2. A member who has made a deposit withdrawal request does not cease to be a depositor until the request is paid. As added by P.L.193-1997, SEC.2.
28-15-5-3. Methods of Withdrawing Deposits
Sec. 3. All persons, regardless of age, may become depositors in a savings association and shall be subject to the same duties and liabilities respecting their deposits. Whenever a deposit is accepted by a savings association in the name of any person, regardless of age, the deposit may be withdrawn by the depositor by any […]
28-15-6-1. Limits on Loans Made to Single Borrower; Derivative Transactions
Sec. 1. (a) The following limits apply to the loans that a savings association may make to one (1) borrower: (1) Loans that a savings association may make to one (1) borrower are restricted by the provisions of 12 U.S.C. 84 and 12 CFR 32. (2) Notwithstanding subdivision (1), a savings association may loan to […]
28-15-1-14. “Stock Association”
Sec. 14. “Stock association” means a savings association owned by holders of capital stock. As added by P.L.193-1997, SEC.2.
28-15-7-1. Note and Pledge Required
Sec. 1. Each deposit account loan of a savings association must be evidenced by a note and a pledge of the deposit account. As added by P.L.193-1997, SEC.2.
28-15-1-15. “Unimpaired Capital and Unimpaired Surplus”
Sec. 15. “Unimpaired capital and unimpaired surplus” means capital and surplus as that term is defined in 12 CFR 3.100. As added by P.L.193-1997, SEC.2.
28-15-8-1. Transactions Regarding Interests in Certain Loans
Sec. 1. A savings association may make, buy, sell, or hold interests in the following loans: (1) Mobile home loans. (2) Real estate mortgage loans on real property or leasehold improvements insured or guaranteed by any state of the United States, the United States government, or any of the agencies or government sponsored enterprises of […]
28-15-2-1. Enumerated Powers; Purchasing and Holding Life Insurance
Sec. 1. (a) Savings associations may do the following: (1) Accept deposit accounts. (2) Issue evidence of deposit account ownership. (3) Declare and distribute earnings to members. (4) Pay, in part or in full, withdrawal requests of deposit accounts. (5) Subject to the provisions and restrictions of 12 U.S.C. 84 and 12 CFR 32: (A) […]
28-15-8-2. Loans on Security of Certain Property Interests
Sec. 2. (a) Subject to such additional limitations as the department may prescribe, savings associations may make loans on the security of any of the following: (1) Real estate. (2) A leasehold or subleasehold interests. (3) An assignment or transfer of stock certificates or other evidence of the borrower’s ownership interest in a corporation formed […]
28-15-2-1.5. Profit or Commission on Sales or Purchases; Necessity of Specific Authorization; Surcharge
Sec. 1.5. (a) Except for interest at the legal rate on a loan or advancement, a savings association may not, directly or indirectly, receive a profit or commission from the sale to or purchase from an estate, a guardianship, or a trust of which the savings association is the fiduciary unless the profit or commission […]