Prudent conduct of business

Ind. Code § 28-1-2-6
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 6. Every financial institution to which this article is applicable shall conduct and transact its business in a safe and prudent manner; shall maintain such institution in a safe and solvent condition; and shall establish and maintain safe and sound methods for the conduct of such financial institution and its business and prudential affairs. Formerly: Acts 1933, c.40, s.9; Acts 1971, P.L.394, SEC.6.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements