Ind. Code ch. 28-15-4

in effect

Ind. Code § 28-15-4-1 Depositors

Sec. 1. A person becomes a depositor when the person is accepted by the savings association. As added by P.L.193-1997, SEC.2.

Ind. Code § 28-15-4-2 Terms and conditions

Sec. 2. The board of directors of a savings association may determine the terms and conditions of accepting deposits and making withdrawals. As added by P.L.193-1997, SEC.2.

Ind. Code § 28-15-4-3 Assessable amount

Sec. 3. All deposit accounts in a mutual association are assessable only to the extent of their withdrawal value. As added by P.L.193-1997, SEC.2.

Ind. Code § 28-15-4-4 Eligible investments for trust funds

Sec. 4. (a) Deposit accounts are eligible investments for trust funds administered by a savings association. (b) As a fiduciary, a savings association must comply with the provisions of IC 30-4-3-7. (c) A fiduciary has all rights and privileges of a member of a mutual savings association except the right to hold office or serve on the board of the savings association. As added by P.L.193-1997, SEC.2.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026