Owning and Leasing Property

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Savings Banks
  5. Powers of a Savings Bank Subject to the Rules of the Department
  6. Owning and Leasing Property

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Sec. 7. Subject to any restrictions the department may impose, a savings bank may:

(1) become the owner or lessor of personal or real property upon the request of and for the use of a customer; and

(2) incur additional obligations incident to becoming an owner or a lessor of the property.

As added by P.L.42-1993, SEC.72. Amended by P.L.11-1998, SEC.11.


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