2012 Indiana Code
TITLE 28. FINANCIAL INSTITUTIONS
ARTICLE 6.1. SAVINGS BANKS
CHAPTER 5. FIDELITY COVERAGE FOR SAVINGS BANKS
IC 28-6.1-5Chapter 5. Fidelity Coverage for Savings Banks
IC 28-6.1-5-1
Provision of coverage
Sec. 1. A savings bank shall make provision for adequate fidelity coverage for all officers and employees having access to money or bonds of the savings bank.
As added by P.L.42-1993, SEC.72.
IC 28-6.1-5-2
Approval of amount and form of coverage
Sec. 2. The amount and form of fidelity coverage must be approved by the board of the savings bank.
As added by P.L.42-1993, SEC.72.
IC 28-6.1-5-3
Form of coverage
Sec. 3. Fidelity coverage may be provided in either of the following ways:
(1) In the form of a blanket fidelity bond issued by a corporate surety authorized to transact business in Indiana.
(2) Through establishment of a separate reserve fund within the savings bank for that purpose.
As added by P.L.42-1993, SEC.72.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
