Indiana Code 28-6.1-8-10. Depositing funds; permissible institutions and accounts
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Sec. 10. A savings bank may deposit its funds in:
(2) a savings association or other entity organized and operated according to federal law or the laws of a state or the District of Columbia;
(1) a federally chartered savings association; or
Terms Used In Indiana Code 28-6.1-8-10
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
the accounts of which are insured by the Federal Deposit Insurance Corporation.
As added by P.L.42-1993, SEC.72. Amended by P.L.79-1998, SEC.72; P.L.89-2011, SEC.45.