Limitation on investments; investments in holding corporations

Ind. Code § 28-6.1-11-3
in effect
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Sec. 3. (a) Except with the approval of the department, the sum invested in real property used for the convenient transaction of business may not exceed fifty percent (50%) of the unimpaired capital stock, surplus, and retained earnings of the savings bank. (b) The investment may be made in the stock of a corporation organized to own and hold the real property occupied and used wholly or in part by the savings bank. As added by P.L.42-1993, SEC.72.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026

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