2013 Indiana Code TITLE 28. FINANCIAL INSTITUTIONS ARTICLE 15. SAVINGS ASSOCIATIONS CHAPTER 5. WITHDRAWAL OF DEPOSIT ACCOUNTS
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IC 28-15-5
Chapter 5. Withdrawal of Deposit Accounts
IC 28-15-5-1
Advance notice
Sec. 1. A savings association may require advance notice of
withdrawal.
As added by P.L.193-1997, SEC.2.
IC 28-15-5-2
Depositor; status after withdrawal request
Sec. 2. A member who has made a deposit withdrawal request
does not cease to be a depositor until the request is paid.
As added by P.L.193-1997, SEC.2.
IC 28-15-5-3
Methods of withdrawing deposits
Sec. 3. All persons, regardless of age, may become depositors in
a savings association and shall be subject to the same duties and
liabilities respecting their deposits. Whenever a deposit is accepted
by a savings association in the name of any person, regardless of age,
the deposit may be withdrawn by the depositor by any of the
following methods:
(1) Check or other instrument in writing. The check or other
instrument in writing constitutes a receipt or acquittance if it is
signed by the depositor, and constitutes a valid release and
discharge to the savings association for all payments so made.
(2) Electronic means through:
(A) preauthorized direct withdrawal;
(B) an automated teller machine;
(C) a debit card;
(D) a transfer by telephone;
(E) a network, including the Internet; or
(F) any:
(i) electronic terminal;
(ii) computer;
(iii) magnetic tape; or
(iv) other electronic means.
However, this section may not be construed to affect the rights,
liabilities, or responsibilities of participants in an electronic fund
transfer under the federal Electronic Fund Transfer Act (15 U.S.C.
1693 et seq.).
As added by P.L.81-2001, SEC.8.
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