Sec. 3. (a) Except with the approval of the department, the sum invested in real property used for the convenient transaction of business may not exceed fifty percent (50%) of the unimpaired capital stock, surplus, and retained earnings of the savings bank. (b) The investment may be made in the stock of a corporation organized to own and hold the real property occupied and used wholly or in part by the savings bank. IC 28-6.1-12 Chapter 12. Branches of Savings Banks 28-6.1-12-1 Application of definitions 28-6.1-12-2 Bank 28-6.1-12-3 Branches de novo and branches by acquisition; approval of department required; application; approval or disapproval by department; location; savings banks organized or operating before January 1, 1993; exemption from approval requirements 28-6.1-12-4 Establishment of branches by acquisition 28-6.1-12-5 Automated teller machines 28-6.1-12-6 Failure to comply with chapter 28-6.1-12-7 Actions against savings banks 28-6.1-12-8 Rules
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