28-6.1-11-1. Application of Chapter

Sec. 1. A savings bank may purchase and sell real property only as provided in this chapter. As added by P.L.42-1993, SEC.72.

28-6.1-11-2. Purchase, Holding, and Conveyance of Real Property

Sec. 2. (a) A savings bank may purchase, hold, and convey real property as follows: (1) As necessary for the convenient transaction of the savings bank’s business as provided in IC 28-6.1-7-12. (2) Real property mortgaged to the savings bank in good faith for money loaned, or upon which the savings bank purchased a mortgage. […]

28-6.1-11-3. Limitation on Investments; Investments in Holding Corporations

Sec. 3. (a) Except with the approval of the department, the sum invested in real property used for the convenient transaction of business may not exceed fifty percent (50%) of the unimpaired capital stock, surplus, and retained earnings of the savings bank. (b) The investment may be made in the stock of a corporation organized […]