Indemnification of Directors; Application to Banks Formed Before January 1, 1993

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Savings Banks
  5. Board Members, Officers, and Employees
  6. Indemnification of Directors; Application to Banks Formed Before January 1, 1993

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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 referring to the trustees and the board of trustees of the savings bank.

As added by P.L.122-1994, SEC.97.


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