Section 28-2-13-22.5 - Temporary facilities on college or university premises(a) A state bank is entitled to establish a temporary facility on the premises of an accredited college or university in Indiana for the purpose of offering limited account services.(b) The services that may be offered at a temporary facility established under this section include: (1) the opening of accounts;(2) the acceptance of deposits; and(3) other services determined by the department.(c) To establish a temporary facility under this section, a state bank is not required to submit an application to the department. However, before establishing a temporary facility under this section, a state bank must: (1) obtain the written permission of the college or university for the establishment and operation of the facility on the premises of the college or university; and(2) notify the department in writing of the intention of the state bank to establish the temporary facility.(d) A written notice provided to the department under subsection (c)(2) must: (2) contain the information; prescribed by the department.
(e) A temporary facility operated by a state bank under this section:(1) may be operated only:(A) during registration periods of the college or university; and(B) for an additional period that may not exceed seven (7) days during a calendar year; and(2) must meet all other requirements of state law applying to state banks.As added by P.L. 262-1995, SEC.54.