General Powers of a Savings Bank

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Savings Banks
  5. General Powers of a Savings Bank

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Section
28-6.1-6-1

Discounting, Negotiating, Selling, and Guaranteeing Evidences of Debt

Section
28-6.1-6-2

Buying and Selling Exchange, Coin, and Bullion

Section
28-6.1-6-3

Loaning Money

Section
28-6.1-6-4

Borrowing Money

Section
28-6.1-6-5

Receiving Savings and Demand Deposits

Section
28-6.1-6-6

Receiving Deposits of Securities and Personal Property

Section
28-6.1-6-7

Contracting for and Receiving Highest Rate of Interest

Section
28-6.1-6-8

Accepting Drafts for Future Payment; Issuing Letters of Credit

Section
28-6.1-6-9

Exercising General Banking Powers; Issuing Money

Section
28-6.1-6-10

Receiving Deposits of State and Federal Public Funds

Section
28-6.1-6-11

Acting as Fiscal or Transfer Agent of Government Bodies

Section
28-6.1-6-12

Transferring, Registering, and Countersigning Certificates of Stock, Bonds, and Other Evidences of Indebtedness

Section
28-6.1-6-13

Acting as Agent to Buy and Sell Transportation

Section
28-6.1-6-14

Soliciting and Writing Insurance; Acting as Insurance Producer for Life Insurance or Annuity; Prohibitions; Authority to Purchase and Hold Life Insurance

Section
28-6.1-6-15

Acting as Attorney

Section
28-6.1-6-16

Receiving Personal Property for Deposit

Section
28-6.1-6-17

Acting Under Court Appointment

Section
28-6.1-6-18

Acting in Probate

Section
28-6.1-6-19

Acting as Guardian, Trustee, or Personal Representative

Section
28-6.1-6-20

Taking, Accepting, and Executing Trusts

Section
28-6.1-6-21

Acting in Fiduciary Capacity

Section
28-6.1-6-22

Receiving Fees, Commissions, Gifts, and Things of Value

Section
28-6.1-6-22.5

Profit or Commission on Sales or Purchases; Necessity of Specific Authorization; Surcharge

Section
28-6.1-6-23

Requesting Mergers, Consolidations, and Joinings

Section
28-6.1-6-24

Request to Exercise Rights and Privileges Granted to National Banks; Appeal

Section
28-6.1-6-25

Requirement to Provide Property Tax Information in Certain Transactions

Section
28-6.1-6-26

Authorization for Savings Banks to Use Fiduciary Funds in Conflict of Interest Transactions; Conditions; Notice; Required Consent