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2020 Indiana Code
Title 28. Financial Institutions
Article 7. Specialized Financial Institutions
Chapter 1. Credit Unions
- 28-7-1-0.1. Application of Certain Amendments to Chapter
- 28-7-1-0.5. Definitions
- 28-7-1-1. Persons Authorized to Organize; Application; Articles of Incorporation
- 28-7-1-2. Repealed
- 28-7-1-3. Bylaws; Requirement to Commence Business; Form
- 28-7-1-4. Bylaws; Contents
- 28-7-1-5. Repealed
- 28-7-1-6. Repealed
- 28-7-1-7. Amendment of Articles
- 28-7-1-8. Unauthorized Use of Name "Credit Union"; Violations
- 28-7-1-9. Powers; Investments; Maintenance of Files; Authority to Purchase and Hold Life Insurance
- 28-7-1-9.1. Sale of Life Insurance Policy or Annuity Contract; Prohibitions
- 28-7-1-9.2. Request to Exercise Rights and Privileges Granted to Federal Credit Unions; Appeal
- 28-7-1-10. Membership; Identification; Qualified Groups; Membership Cards
- 28-7-1-10.1. Illegal Members; Purging of Accounts; Loans Not Affected
- 28-7-1-10.5. Repealed
- 28-7-1-10.6. Issuing Shares in a Revocable or Irrevocable Trust; Conditions
- 28-7-1-11. Quarterly Call Report of Credit Union's Condition; Civil Penalty for Failure to Report; Information in Report
- 28-7-1-12. Examinations of Credit Unions and Affiliates; Recognition of Cpa Audit; Examination of Vendors
- 28-7-1-13. Repealed
- 28-7-1-14. Fiscal Year; Membership Meetings; Voting Rights
- 28-7-1-15. Selection of Board of Directors, Supervisory Committee, and Credit Committee; Oath; Term Length; Replacement of Chief Executive Officer; Qualification Criteria
- 28-7-1-16. Board of Directors; Board Officers; Credit Union Officers; Board Meetings; Executive Committee; Directors' Duties; Loan Officers; Delegation of Duties; Suspension or Removal of Officer; Action by Written Consent
- 28-7-1-16.5. Conflicts of Interest; Disqualification; Directors; Committee Members
- 28-7-1-17. Loans to Members; Application; Terms and Conditions; Loans Secured by Real Estate; Participation Loans; Indemnifying or Second Mortgage on Real Estate
- 28-7-1-17.1. Repealed
- 28-7-1-17.2. Extensions of Credit to Officers, Directors, or Supervisory Committee Members; Applicability of Federal Regulation; Delinquencies by Directors or Committee Members; Waiver
- 28-7-1-17.3. Quarterly Report of Outstanding Indebtedness of Officers, Directors, and Committee Members; Retention; Contents
- 28-7-1-17.5. Signature Limits
- 28-7-1-18. Duties and Powers of Supervisory Committee; Audits; Meeting Minutes
- 28-7-1-19. Capital; Lien on Shares; Transfer of Shares; Use of Secondary Capital by Federal Credit Unions
- 28-7-1-20. Repealed
- 28-7-1-20.1. Issuance of Shares; Joint Tenancy; Deposits, Investments, and Withdrawals by Minors
- 28-7-1-21. Repealed
- 28-7-1-22. Authority to Borrow; Limits; Authority to Receive Public Deposits and Pledge Securities
- 28-7-1-23. Loans to Members; Purposes; Repayment Plans; Direct Deposit
- 28-7-1-24. Regular Reserve Requirements; Undivided Profits Account; Financial Statements; Allowances for Loan and Investment Losses
- 28-7-1-24.1. Repealed
- 28-7-1-25. Dividends
- 28-7-1-26. Repealed
- 28-7-1-26.3. Termination of Membership; Termination or Suspension of Services to Member; Withdrawal From Membership; Notice
- 28-7-1-26.5. Refusal to Make Payment From Account
- 28-7-1-27. Repealed
- 28-7-1-27.1. Dissolution
- 28-7-1-28. Change of Place of Business
- 28-7-1-29. Conversion From Federal to State Charter; Conversion From State to Federal Charter; Procedures and Requirements
- 28-7-1-30. Repealed
- 28-7-1-31. Fidelity Coverage for Directors, Officers, and Employees; Blanket Fidelity Bond or Separate Reserve Fund Required
- 28-7-1-31.3. Credit Union Officials; Discharge of Duties; Indemnification
- 28-7-1-31.5. Insurance; Examinations
- 28-7-1-32. Repealed
- 28-7-1-33. Merger of Credit Unions; Submission of Resolutions and Joint Agreement to Department; Approval or Disapproval; Shareholder Vote; Articles of Merger
- 28-7-1-33.1. Merger of Credit Unions; Surviving Credit Union Organized Under Federal or Other State Law; Department Approval Not Required
- 28-7-1-34. Out-of-State Credit Unions; Branch Offices in Indiana; Approval of Department or Exemption From Approval; Field of Membership; Application; Denial, Suspension, or Revocation of Application; Compliance; Examinations; Agreements Between Department and Other Supervisory Agencies
- 28-7-1-35. Effect of Amendments by Acts 1974, p.l.130
- 28-7-1-36. Atm Ownership
- 28-7-1-37. Withdrawal of Deposits
- 28-7-1-38. Requirement to Provide Property Tax Information in Certain Transactions
- 28-7-1-39. Limits on Loans to Members; Exceptions; Prohibition Against Accepting Compensation for Procuring Loan; Exception for Bona Fide Employment or Compensation Agreements; Deadline for Compliance
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.
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