Ind. Code § 28-9-5-2

Current through P.L. 171-2024
Section 28-9-5-2 - Indemnification of depository financial institution by adverse claimant

If a depository financial institution:

(1) has responded in good faith to an adverse claimant under this article; and
(2) is held liable to a depositor or another person by reason of the failure of the depository financial institution to treat a deposit account in accordance with an agreement made between the depository financial institution and a depositor;

the depository financial institution is entitled to indemnification from the adverse claimant for the full amount of damages incurred by the depository financial institution, including attorney's fees.

IC 28-9-5-2

As added by P.L. 258-1989, SEC.2.