Extension of Credit to Officers, Directors, or Principal Shareholders; Compliance With Federal Restrictions

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Department of Financial Institutions
  5. Loans and Investments of Banks and Trust Companies
  6. Extension of Credit to Officers, Directors, or Principal Shareholders; Compliance With Federal Restrictions

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Sec. 6. Any bank or trust company may extend credit to an officer, a director, or a principal shareholder in accordance with the restrictions and provisions of Regulation O of the Board of Governors of the Federal Reserve System (12 CFR 215).

Formerly: Acts 1933, c.40, s.200; Acts 1935, c.5, s.36; Acts 1937, c.33, s.28; Acts 1943, c.148, s.1; Acts 1955, c.25, s.1; Acts 1969, c.280, s.5. As amended by Acts 1977, P.L.291, SEC.1; Acts 1978, P.L.2, SEC.2808; Acts 1981, P.L.250, SEC.1; P.L.265-1983, SEC.2; P.L.144-1984, SEC.1; P.L.14-1992, SEC.91.


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