28-6.1-4-1. Compensation
Sec. 1. A savings bank may pay its officers, board members, and employees reasonable compensation for services rendered that the board of the savings bank determines. As added by P.L.42-1993, SEC.72.
28-6.1-4-2. Group Insurance; Retirement and Pension Plans
Sec. 2. A savings bank may purchase group insurance and provide retirement or pension plans for its officers and employees, with or without the officers’ or employees’ participation in the cost of the insurance or plans. As added by P.L.42-1993, SEC.72.
28-6.1-4-3. Special Service Compensation
Sec. 3. (a) A savings bank that has accumulated a surplus of at least five percent (5%) upon its deposits may pay board members who render special personal service (beyond the ordinary duty of attending meetings and serving upon committees other than of examination) compensation determined by the board. (b) A board member for whom […]
28-6.1-4-4. Repealed
As added by P.L.42-1993, SEC.72. Repealed by P.L.122-1994, SEC.122.
28-6.1-4-4.1. Indemnification of Directors; Application to Banks Formed Before January 1, 1993
Sec. 4.1. (a) The provisions concerning indemnification of directors set forth in IC 28-13-13 shall apply to savings banks formed before January 1, 1993. (b) In the application of IC 28-13-13 to a savings bank formed before January 1, 1993, references in IC 28-13-13 to “directors” and “the board of directors” shall be treated as […]