Ind. Code § 28-6.1-6-8

Current through P.L. 171-2024

Section 28-6.1-6-8 - Accepting drafts for future payment; issuing letters of credit

A savings bank may accept for future payment drafts drawn upon the savings bank by its customers and may issue letters of credit with a specific expiration date authorizing the holders of the letters to draw drafts upon the savings bank or its correspondents at sight or on time.

IC 28-6.1-6-8

As added by P.L. 42-1993, SEC.72.