Sec. 1. A savings bank may discount, negotiate, sell, and guarantee promissory notes, bonds, drafts, acceptances, bills of exchange, and other evidences of debt. As added by P.L.42-1993, SEC.72.
Sec. 10. (a) A savings bank may receive deposits of state and federal public funds: (1) on the same terms and conditions; (2) with the same rights and privileges; and (3) subject to the same duties and obligations; as provided by law for banks of discount and deposit, trust companies, and other financial institutions. (b) […]
Sec. 11. A savings bank may act as a fiscal or transfer agent of the United States or of any state, municipality, body politic or corporate, and in that capacity receive and disburse money. As added by P.L.42-1993, SEC.72.
Sec. 12. A savings bank may transfer, register, and countersign certificates of stock, bonds, or other evidence of indebtedness and authenticate and certify the bonds and certificates of indebtedness. As added by P.L.42-1993, SEC.72.
Sec. 13. A savings bank may act as an agent to buy and sell domestic and foreign transportation. As added by P.L.42-1993, SEC.72.
Sec. 14. (a) A savings bank may solicit and write insurance as an insurance producer or a broker for any insurance company authorized to do business in the state or states where the insurance producer or broker operates. (b) A savings bank or its affiliate (as defined in IC 28-6.2-1-4) may act as an insurance […]
Sec. 15. A savings bank may act as an attorney in fact or agent of any foreign or domestic person or corporation for any lawful purpose. As added by P.L.42-1993, SEC.72.
Sec. 16. (a) A savings bank may do the following: (1) Receive upon deposit for safekeeping or in escrow, money, bonds, mortgages, jewelry, plate, stock, securities, valuable papers of any kind, and other personal property. (2) Lease receptacles for safe deposits of personal property. (b) The savings bank may prescribe terms and conditions not inconsistent […]
Sec. 17. A savings bank may act under court appointment as any of the following: (1) Commissioner for the sale of real property. (2) Guardian of the person or estate of an incapacitated person (as defined in IC 29-3-1-7.5), or in other instances where a guardian may be appointed. (3) Trustee, receiver, conservator, or committee […]
Sec. 18. (a) A savings bank may do any of the following: (1) Act as the personal representative of the estate of a deceased individual. (2) Act as the trustee under the last will and testament of a deceased individual. (3) Act under court appointment as personal representative or trustee under a last will and […]
Sec. 19. (a) A savings bank may act under court appointment as guardian, trustee, or personal representative on the application or consent of a person acting or entitled to act as such and in the place of that person. (b) An appointment under subsection (a) may be made: (1) upon notice required by law to […]
Sec. 2. A savings bank may buy and sell exchange, coin, and bullion. As added by P.L.42-1993, SEC.72.
Sec. 20. A savings bank may do any of the following: (1) Take, accept, and execute a legal trust, duties, and powers in regard to: (A) the holding, management, sale, or disposition of property; and (B) the rents and profits from that property; that are granted or confided to the savings bank by any authority. […]
Sec. 21. (a) Except as otherwise provided in this article, a savings bank may act: (1) in a fiduciary capacity permitted by this article; and (2) as commissioner for the sale of real estate; without bond or other security. (b) When a savings bank is acting in a fiduciary capacity, the savings bank may administer […]
Sec. 22. Except as otherwise provided by law, an officer, a trustee, an employee, an agent, or an attorney of a savings bank commits a Class A misdemeanor if the individual stipulates for, receives, or agrees to receive a fee, commission, gift, or thing of value from any person for the purpose of procuring or […]
Sec. 22.5. (a) Except for interest at the legal rate on a loan or advancement, a savings bank 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 bank is the fiduciary unless the profit or commission […]
Sec. 23. Notwithstanding any other provision of this article, a savings bank may request under IC 28-1-7-25 or IC 28-3-2-10 that the department order its merger, consolidation, or other joining with a bank or trust company organized under IC 28-1 or with a national banking association. As added by P.L.42-1993, SEC.72.
Sec. 24. (a) As used in this section, “rights and privileges” means the power: (1) to: (A) create; (B) deliver; (C) acquire; or (D) sell; a product, a service, or an investment that is available to or offered by; or (2) to engage in mergers, consolidations, reorganizations, or other activities or to exercise other powers […]
Sec. 25. With respect to a residential real property financing or refinancing, a savings bank shall comply with IC 6-1.1-12-43. As added by P.L.64-2004, SEC.31.
Sec. 26. (a) Unless otherwise provided in an agreement or a trust, a savings bank that holds funds or property as a fiduciary may use the funds or property to purchase from the savings bank or an affiliate of the savings bank a product, service, or security, including an insurance product or security that is […]
