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2020 Indiana Code
Title 28. Financial Institutions
Article 8. Financial Services
Chapter 1. Bank Service Corporations
28-8-1-5. Regulation and Examination
Universal Citation:
IN Code § 28-8-1-5 (2020)
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Sec. 5. No bank or trust company subject to examination by the department may cause to be performed, by contract or otherwise, any bank services for itself, either on or off its premises, until such time as assurances are furnished to the department by the bank or trust company and the bank service corporation performing such bank services that the performance thereof will be subject to regulation and examination by the department to the same extent as if such bank services were being performed by the bank or trust company on its own premises.
Formerly: Acts 1963, c.359, s.5.
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