reglab/housing_qa huggingface dataset:
IN Code § 28-14-7.5-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 7.5. Conservatorship of Corporate Fiduciaries|28-14-7.5-3. Appointment of Conservator; Bond or Security

Sec. 3. (a) The department may appoint a conservator for a corporate fiduciary if the department determines that:(1) one (1) or more grounds for the appointment of a receiver under IC 28-1-3.1-2(a) exist with respect to the corporate fiduciary; or(2) the appointment of a conservator is necessary to conserve the assets of the corporate fiduciary for the benefit of:(A) creditors of the corporate fiduciary;(B) the beneficiaries of trusts and other fiduciary accounts administered by the corporate fiduciary; or(C) other persons for whom the corporate fiduciary acts in a fiduciary capacity.(b) A conservator appointed under this section shall give any bond or security that the department considers appropriate.(c) The department may appoint any competent and disinterested person as a conservator under this section.As added by P.L.10-2006, SEC.78 and P.L.57-2006, SEC.78.
IN Code § 28-14-7.5-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 7.5. Conservatorship of Corporate Fiduciaries|28-14-7.5-4. Reimbursement of Department; Administrative Expenses; Payment From Assets

Sec. 4. (a) A conservator appointed by the department under this chapter shall reimburse the department for all amounts expended by the department in connection with the conservatorship. Amounts reimbursed to the department under this subsection shall be paid from the assets of the corporate fiduciary as administrative expenses. Upon approval of the department, the conservator shall pay all other administrative expenses of the conservatorship from the assets of the corporate fiduciary.(b) Administrative expenses described in this section constitute a first charge against the assets of the corporate fiduciary. The conservator shall pay the administrative expenses in full before any:(1) final distribution of the corporate fiduciary's assets; or(2) payments to any person described in section 3(a)(2) of this chapter.As added by P.L.10-2006, SEC.78 and P.L.57-2006, SEC.78.
IN Code § 28-14-7.5-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 7.5. Conservatorship of Corporate Fiduciaries|28-14-7.5-5. Possession of Books, Records, and Assets; Conservation of Assets; Powers and Obligations of Conservator; Rights of Parties

Sec. 5. (a) Under the direction of the department, a conservator appointed under this chapter shall:(1) take possession of the books, records, and assets of the corporate fiduciary; and(2) take any action necessary to conserve the assets of the corporate fiduciary pending:(A) a liquidation under IC 28-1-3.1; or(B) other disposition of the corporate fiduciary's business as provided by law.(b) A conservator appointed under this chapter:(1) has all the rights, powers, and privileges of a receiver appointed under IC 28-1-3.1, except the power to liquidate a corporate fiduciary; and(2) is subject to those obligations and liabilities to which a receiver is subject, to the extent the obligations and liabilities are consistent with this chapter.(c) Throughout the time a conservator is in possession of a corporate fiduciary under this chapter, the rights of all parties with respect to the corporate fiduciary are the same as if a receiver had been appointed under IC 28-1-3.1.As added by P.L.10-2006, SEC.78 and P.L.57-2006, SEC.78.
IN Code § 28-14-7.5-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 7.5. Conservatorship of Corporate Fiduciaries|28-14-7.5-6. Amounts Available to Creditors and Beneficiaries; Assets Received After Placement in Conservatorship

Sec. 6. (a) While a corporate fiduciary is in conservatorship under this chapter, the department may require the conservator to set aside and make available for payment to any persons described in section 3(a)(2) of this chapter, on a pro rata basis, any amounts that, in the opinion of the department, may be safely and prudently used for such payments.(b) Any assets received or acquired after a corporate fiduciary is placed in conservatorship under this chapter shall be:(1) kept in cash;(2) invested in direct obligations of the United States; or(3) deposited in depository institutions designated by the department.As added by P.L.10-2006, SEC.78 and P.L.57-2006, SEC.78.
IN Code § 28-14-7.5-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 7.5. Conservatorship of Corporate Fiduciaries|28-14-7.5-7. Loans in Aid of Operation or Reorganization; Security

Sec. 7. With the prior approval of the department, a conservator appointed under this chapter may borrow money as necessary or expedient to aid in the operation or reorganization of the corporate fiduciary. Any loan obtained by the conservator under this section may be secured by the pledge or mortgage of, or through a lien upon or security interest in, any assets:(1) belonging to the corporate fiduciary; and(2) not held in trust for the benefit of another person.As added by P.L.10-2006, SEC.78 and P.L.57-2006, SEC.78.
IN Code § 28-14-7.5-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 7.5. Conservatorship of Corporate Fiduciaries|28-14-7.5-8. Termination of Conservatorship; Appointment of Receiver; Liquidation

Sec. 8. (a) The department may:(1) terminate a conservatorship ordered under this chapter; and(2) permit the corporate fiduciary subject to the conservatorship to resume the transaction of the corporate fiduciary's business, subject to any terms, conditions, restrictions, and limitations that the department may prescribe;if the department is satisfied that a termination of the conservatorship may be done safely and is in the public interest.(b) Subject to subsection (c), the department may:(1) terminate a conservatorship ordered under this chapter; and(2) apply for the appointment of a receiver for the corporate fiduciary under IC 28-1-3.1;if the department determines that the appointment of a receiver for the corporate fiduciary is in the public interest.(c) If the department determines that the liquidation of a corporate fiduciary placed in conservatorship under this chapter is in the public interest, the department shall:(1) terminate the conservatorship ordered under this chapter; and(2) apply for the appointment of a receiver for the corporate fiduciary under IC 28-1-3.1.As added by P.L.10-2006, SEC.78 and P.L.57-2006, SEC.78.
IN Code § 28-14-7.5-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 7.5. Conservatorship of Corporate Fiduciaries|28-14-7.5-9. Adoption of Rules

Sec. 9. The department may adopt rules under IC 4-22-2 to implement this chapter.As added by P.L.10-2006, SEC.78 and P.L.57-2006, SEC.78.
IN Code § 28-14-8-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 14. Corporate Fiduciaries|Chapter 8. Rule Making|28-14-8-1. Rules

Sec. 1. The department may adopt rules under IC 4-22-2 or policies to administer this article.As added by P.L.262-1995, SEC.90.
IN Code § 28-15-1-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-1. Applicability of Definitions

Sec. 1. The definitions in this chapter apply throughout IC 28-15, except where the context requires otherwise.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-2. "Automated Teller Machine"

Sec. 2. "Automated teller machine" means unmanned electronic or mechanical equipment that performs routine financial transactions for the public.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-3. "Branch Office"

Sec. 3. "Branch office" means any office, agency, mobile unit, messenger service, or other place of business at which deposits are received, checks paid, or money lent. However, the term does not include:(1) the principal office of a savings association;(2) an automated teller machine;(3) a night depository; or(4) a temporary facility for a savings association as provided in IC 28-2-13-22.5.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-4. "Department"

Sec. 4. "Department" refers to the department of financial institutions.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-5. "Deposit Account"

Sec. 5. (a) "Deposit account":(1) means the total monetary interest of a depositor in a savings association; and(2) consists of the withdrawal value of such interest.(b) For the purposes of IC 28, a "share account" in a share account association organized and existing before January 1, 1997, has the same meaning as a deposit account.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-6 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-6. "Deposit Association"

Sec. 6. "Deposit association" means any savings association governed by its members.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-7 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-7. "Depositor"

Sec. 7. "Depositor" means a person who owns a withdrawable interest in an account or deposit in a savings association.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-8. "Member"

Sec. 8. "Member" means:(1) any depositor in a deposit association or owner of a share account in a share account association; and(2) unless otherwise provided by the articles of incorporation, any debtor.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-9 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-9. "Mutual Association"

Sec. 9. (a) "Mutual association" means a nonstock savings association that is governed by members.(b) The term includes a deposit association or share account association organized and existing before January 1, 1997.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-9.8 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-9.8. "Primary Federal Regulator"

Sec. 9.8. "Primary federal regulator" means the federal agency primarily responsible for the regulation of:(1) savings associations; or(2) savings association holding companies;organized under the laws of any state or the United States.As added by P.L.27-2012, SEC.110.
IN Code § 28-15-1-10 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-10. "Property Improvement Loan"

Sec. 10. "Property improvement loan" means a loan to the owners of real estate, the proceeds of which are used to improve or equip real estate or a structure upon it.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-11 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-11. "Savings Association"

Sec. 11. "Savings association" means any:(1) building and loan association;(2) savings and loan association;(3) rural loan and savings association; or(4) guaranty loan and savings association;organized and operating under the laws of Indiana, whether in stock or mutual form.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-12 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-12. "Share Account"

Sec. 12. "Share account" in a share account association organized and existing before January 1, 1997, has the same meaning as a deposit account.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-13 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-13. "Share Account Association"

Sec. 13. "Share account association" means any savings association that has accounts representing interests in the shares of the savings association (referred to in this chapter as share accounts).As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-14 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-14. "Stock Association"

Sec. 14. "Stock association" means a savings association owned by holders of capital stock.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-1-15 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 1. Definitions|28-15-1-15. "Unimpaired Capital and Unimpaired Surplus"

Sec. 15. "Unimpaired capital and unimpaired surplus" means capital and surplus as that term is defined in 12 CFR 3.100.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-2-1.5 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 2. Powers of Savings Associations|28-15-2-1.5. Profit or Commission on Sales or Purchases; Necessity of Specific Authorization; Surcharge

Sec. 1.5. (a) Except for interest at the legal rate on a loan or advancement, a savings association may not, directly or indirectly, receive a profit or commission from the sale to or purchase from an estate, a guardianship, or a trust of which the savings association is the fiduciary unless the profit or commission is authorized by agreement with the creator of the trust or a court with jurisdiction over the estate, guardianship, or trust.(b) A savings association that receives a profit or commission in violation of subsection (a) shall be surcharged an amount equal to the profit or commission. In addition, a court with jurisdiction over the estate, guardianship, or trust may remove the savings association as the fiduciary.As added by P.L.192-2003, SEC.8.
IN Code § 28-15-2-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 2. Powers of Savings Associations|28-15-2-3. Denial of Rights and Privileges; Appeal

Sec. 3. If the department denies the request of a savings association under section 2 of this chapter to exercise any rights and privileges that are granted to federal savings associations, the savings association may appeal the decision of the department to the circuit court, superior court, or probate court with jurisdiction in the county in which the principal office of the savings association is located. In an appeal under this section, the court shall determine the matter de novo.As added by P.L.193-1997, SEC.2. Amended by P.L.84-2016, SEC.130.
IN Code § 28-15-3-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 3. Powers and Duties of Deposit Associations|28-15-3-1. Applicability of Statutes Relating to Share Account Associations

Sec. 1. Deposit associations:(1) continue to possess all the rights, powers, privileges, and immunities afforded by IC 28-1 and any other statutes relating to share account associations; and(2) are subject to all the duties and obligations imposed upon share account associations by IC 28-1 or other statutes relating to share account associations.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-3-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 3. Powers and Duties of Deposit Associations|28-15-3-2. Share Account Association; Conversion to Deposit Association

Sec. 2. A share account association may convert to a deposit association by amending its articles of incorporation in accordance with IC 28-13-14.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-4-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 4. Deposit Accounts|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.
IN Code § 28-15-4-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 4. Deposit Accounts|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.
IN Code § 28-15-4-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 4. Deposit Accounts|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.
IN Code § 28-15-4-4 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 4. Deposit Accounts|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.
IN Code § 28-15-5-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 5. Withdrawal of Deposit Accounts|28-15-5-1. Advance Notice

Sec. 1. A savings association may require advance notice of withdrawal.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-5-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 5. Withdrawal of Deposit Accounts|28-15-5-2. Depositor; Status After Withdrawal Request

Sec. 2. A member who has made a deposit withdrawal request does not cease to be a depositor until the request is paid.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-5-3 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 5. Withdrawal of Deposit Accounts|28-15-5-3. Methods of Withdrawing Deposits

Sec. 3. All persons, regardless of age, may become depositors in a savings association and shall be subject to the same duties and liabilities respecting their deposits. Whenever a deposit is accepted by a savings association in the name of any person, regardless of age, the deposit may be withdrawn by the depositor by any of the following methods:(1) Check or other instrument in writing. The check or other instrument in writing constitutes a receipt or acquittance if it is signed by the depositor, and constitutes a valid release and discharge to the savings association for all payments so made.(2) Electronic means through:(A) preauthorized direct withdrawal;(B) an automated teller machine;(C) a debit card;(D) a transfer by telephone;(E) a network, including the Internet; or(F) any:(i) electronic terminal;(ii) computer;(iii) magnetic tape; or(iv) other electronic means.However, this section may not be construed to affect the rights, liabilities, or responsibilities of participants in an electronic fund transfer under the federal Electronic Fund Transfer Act (15 U.S.C. 1693 et seq.).As added by P.L.81-2001, SEC.8.
IN Code § 28-15-6-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 6. Lending Limits|28-15-6-1. Limits on Loans Made to Single Borrower; Derivative Transactions

Sec. 1. (a) The following limits apply to the loans that a savings association may make to one (1) borrower:(1) Loans that a savings association may make to one (1) borrower are restricted by the provisions of 12 U.S.C. 84 and 12 CFR 32.(2) Notwithstanding subdivision (1), a savings association may loan to one (1) borrower no more than the lesser of:(A) an amount equal to four percent (4%) of the assets of the savings association; or(B) five hundred thousand dollars ($500,000).(3) Notwithstanding subdivisions (1) and (2), a savings association may make loans to one (1) borrower to develop domestic residential housing units in an amount equal to or less than thirty percent (30%) of the savings association's unimpaired capital and surplus if:(A) the final purchase price of each single family dwelling unit whose development is financed under this section does not exceed five hundred thousand dollars ($500,000);(B) loans made under this subdivision to all borrowers do not in the aggregate exceed one hundred fifty percent (150%) of the savings association's unimpaired capital and surplus; and(C) the loans made under this subdivision comply with the applicable loan to value requirements that apply to federal savings associations.(b) For purposes of any lending limits set forth under this article with respect to savings associations, the total loans and extensions of credit by a savings association includes any credit exposure to a person arising from a derivative transaction (as defined in 12 U.S.C. 84(b)(3)) between the savings association and the person.As added by P.L.193-1997, SEC.2. Amended by P.L.27-2012, SEC.112.
IN Code § 28-15-7-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 7. Loans on Deposit Accounts|28-15-7-1. Note and Pledge Required

Sec. 1. Each deposit account loan of a savings association must be evidenced by a note and a pledge of the deposit account.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-8-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 8. Other Types of Loans|28-15-8-1. Transactions Regarding Interests in Certain Loans

Sec. 1. A savings association may make, buy, sell, or hold interests in the following loans:(1) Mobile home loans.(2) Real estate mortgage loans on real property or leasehold improvements insured or guaranteed by any state of the United States, the United States government, or any of the agencies or government sponsored enterprises of the United States government.(3) Loans for construction and development of residential or commercial property.(4) Secured or unsecured consumer loans or leases.(5) Secured or unsecured commercial loans or leases.(6) Education loans.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-8-2 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 8. Other Types of Loans|28-15-8-2. Loans on Security of Certain Property Interests

Sec. 2. (a) Subject to such additional limitations as the department may prescribe, savings associations may make loans on the security of any of the following:(1) Real estate.(2) A leasehold or subleasehold interests.(3) An assignment or transfer of stock certificates or other evidence of the borrower's ownership interest in a corporation formed for the cooperative ownership of real estate.(b) A savings association may make loans secured by real estate in compliance with 12 U.S.C. 1828(O) as implemented by 12 CFR 365.(c) Real estate appraisals shall be performed concerning loans authorized by this section in compliance with 12 CFR 323.As added by P.L.193-1997, SEC.2.
IN Code § 28-15-9-1 (2021)
2021 Indiana Code|Title 28. Financial Institutions|Article 15. Savings Associations|Chapter 9. Formation of and Investment in Service Corporations|28-15-9-1. Limitations

Sec. 1. A savings association may form and invest in a service corporation to the same extent and with the same limitations as a federally chartered savings association, as provided for by 12 CFR 559.As added by P.L.193-1997, SEC.2. Amended by P.L.215-1999, SEC.15.