Ind. Code § 28-6.1-7-13

Current through P.L. 171-2024

Section 28-6.1-7-13 - Paying interest and expenses

A savings bank may not pay:

(1) interest contracted for with a depositor; or

(2) other expenses incurred in operating the business of the savings bank;

except from current earnings or undivided profits without the approval of the department.

IC 28-6.1-7-13

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