Chapter 1 - CREDIT UNIONS
- Section 28-7-1-0.1 - Application of certain amendments to chapter
- Section 28-7-1-0.5 - Definitions
- Section 28-7-1-1 - Persons authorized to organize; application; articles of incorporation
- Section 28-7-1-2 - [Repealed]
- Section 28-7-1-3 - Bylaws; requirement to commence business; form
- Section 28-7-1-4 - Bylaws; contents
- Section 28-7-1-5 - [Repealed]
- Section 28-7-1-6 - [Repealed]
- Section 28-7-1-7 - Amendment of articles
- Section 28-7-1-8 - Unauthorized use of name "credit union"; violations
- Section 28-7-1-9 - Powers; investments; maintenance of files; authority to purchase and hold life insurance
- Section 28-7-1-9.1 - Sale of life insurance policy or annuity contract; prohibitions
- Section 28-7-1-9.2 - Request to exercise rights and privileges granted to federal credit unions; appeal
- Section 28-7-1-10 - Membership; identification; qualified groups; membership cards
- Section 28-7-1-10.1 - Illegal members; purging of accounts; loans not affected
- Section 28-7-1-10.5 - [Repealed]
- Section 28-7-1-10.6 - Issuing shares in a revocable or irrevocable trust; conditions
- Section 28-7-1-11 - Quarterly call report of credit union's condition; civil penalty for failure to report; information in report
- Section 28-7-1-12 - Examinations of credit unions and affiliates; recognition of CPA audit; examination of vendors
- Section 28-7-1-13 - [Repealed]
- Section 28-7-1-14 - Fiscal year; membership meetings; voting rights
- Section 28-7-1-15 - Selection of board of directors, supervisory committee, and credit committee; oath; term length; replacement of chief executive officer; qualification criteria
- Section 28-7-1-16 - Board of directors; board officers; credit union officers; board meetings; executive committee; directors' duties; loan officers; delegation of duties; suspension or removal of officer; action by written consent
- Section 28-7-1-16.5 - Conflicts of interest; disqualification; directors; committee members
- Section 28-7-1-17 - Loans to members; application; terms and conditions; loans secured by real estate; participation loans; indemnifying or second mortgage on real estate
- Section 28-7-1-17.1 - [Repealed]
- Section 28-7-1-17.2 - Extensions of credit to officers, directors, or supervisory committee members; applicability of federal regulation; delinquencies by directors or committee members; waiver
- Section 28-7-1-17.3 - Quarterly report of outstanding indebtedness of officers, directors, and committee members; retention; contents
- Section 28-7-1-17.5 - Signature limits
- Section 28-7-1-18 - Duties and powers of supervisory committee; audits; meeting minutes
- Section 28-7-1-19 - Capital; lien on shares; transfer of shares; use of secondary capital; safety and soundness; regulations regarding prompt corrective action and risk based net worth
- Section 28-7-1-19.1 - Classification as adequately capitalized or lower; net worth requirements; exception
- Section 28-7-1-19.2 - Classification as undercapitalized or lower; mandatory supervisory requirements and restrictions; discretionary supervisory actions
- Section 28-7-1-19.3 - Classification as significantly undercapitalized or lower; mandatory supervisory requirements and restrictions; discretionary supervisory actions; conservatorship or liquidation
- Section 28-7-1-19.4 - Classification as critically undercapitalized; mandatory supervisory requirements and restrictions; discretionary supervisory actions
- Section 28-7-1-20 - [Repealed]
- Section 28-7-1-20.1 - Issuance of shares; joint tenancy; deposits, investments, and withdrawals by minors
- Section 28-7-1-21 - [Repealed]
- Section 28-7-1-22 - Authority to borrow; limits; authority to receive public deposits and pledge securities
- Section 28-7-1-23 - Loans to members; purposes; repayment plans; direct deposit
- Section 28-7-1-24 - Regular reserve requirements; undivided profits account; financial statements; allowance for credit losses
- Section 28-7-1-24.1 - [Repealed]
- Section 28-7-1-25 - Dividends
- Section 28-7-1-26 - [Repealed]
- Section 28-7-1-26.3 - Termination of membership; termination or suspension of services to member; withdrawal from membership; notice
- Section 28-7-1-26.5 - Refusal to make payment from account
- Section 28-7-1-27 - [Repealed]
- Section 28-7-1-27.1 - Dissolution
- Section 28-7-1-28 - Change of place of business
- Section 28-7-1-29 - Conversion from federal to state charter; conversion from state to federal charter; procedures and requirements
- Section 28-7-1-30 - [Repealed]
- Section 28-7-1-31 - Fidelity coverage for directors, officers, and employees with access to money or bonds; blanket fidelity bond or separate reserve fund required
- Section 28-7-1-31.3 - Credit union officials; discharge of duties; indemnification
- Section 28-7-1-31.5 - Insurance; examinations
- Section 28-7-1-32 - [Repealed]
- Section 28-7-1-33 - Merger of credit unions; submission of resolutions and joint agreement to department; approval or disapproval; shareholder vote; articles of merger
- Section 28-7-1-33.1 - Merger of credit unions; surviving credit union organized under federal or other state law; department approval not required
- Section 28-7-1-34 - Out-of-state credit unions; branch offices in Indiana; approval of department or exemption from approval; field of membership; application; denial, suspension, or revocation of application; compliance; examinations; agreements between department and other supervisory agencies
- Section 28-7-1-35 - Effect of amendments by Acts 1974, P.L.130
- Section 28-7-1-36 - ATM ownership
- Section 28-7-1-37 - Withdrawal of deposits
- Section 28-7-1-38 - Requirement to provide property tax information in certain transactions
- Section 28-7-1-39 - Limits on loans to members; exceptions; prohibition against accepting compensation for procuring loan; exception for bona fide employment or compensation agreements; deadline for compliance