Sec. 7. The department may adopt rules under IC 4-22-2 or adopt policies necessary to implement this chapter. IC 28-7 ARTICLE 7. SPECIALIZED FINANCIAL INSTITUTIONS Ch. 1. Credit Unions Ch. 2. Repealed Ch. 2.1. Repealed Ch. 2.5. Conservatorship of Credit Unions Ch. 3. Repealed Ch. 4. Repealed Ch. 5. Pawnbrokers Ch. 6. Repealed IC 28-7-1 Chapter 1. Credit Unions 28-7-1-0.1 Application of certain amendments to chapter 28-7-1-0.5 Definitions 28-7-1-1 Persons authorized to organize; application; articles of incorporation 28-7-1-2 Repealed 28-7-1-3 Bylaws; requirement to commence business; form 28-7-1-4 Bylaws; contents 28-7-1-5 Repealed 28-7-1-6 Repealed 28-7-1-7 Amendment of articles 28-7-1-8 Unauthorized use of name "credit union"; violations 28-7-1-9 Powers; investments; maintenance of files; authority to purchase and hold life insurance 28-7-1-9.1 Sale of life insurance policy or annuity contract; prohibitions 28-7-1-9.2 Request to exercise rights and privileges granted to federal credit unions; appeal 28-7-1-10 Membership; identification; qualified groups; membership cards 28-7-1-10.1 Illegal members; purging of accounts; loans not affected 28-7-1-10.5 Repealed 28-7-1-10.6 Issuing shares in a revocable or irrevocable trust; conditions 28-7-1-11 Quarterly call report of credit union's condition; civil penalty for failure to report; information in report 28-7-1-12 Examinations of credit unions and affiliates; recognition of CPA audit; examination of vendors 28-7-1-13 Repealed 28-7-1-14 Fiscal year; membership meetings; voting rights 28-7-1-15 Selection of board of directors, supervisory committee, and credit committee; oath; term length; replacement of chief executive officer; qualification criteria 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 28-7-1-16.5 Conflicts of interest; disqualification; directors; committee members 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loans secured by real estate; participation loans; indemnifying or second mortgage on real estate 28-7-1-17.1 Repealed 28-7-1-17.2 Extensions of credit to officers, directors, or supervisory committee members; applicability of federal regulation; delinquencies by directors or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 28-7-1-17.3 Quarterly report of outstanding indebtedness of officers, directors, and committee members; retention; contents 28-7-1-17.5 Signature limits 28-7-1-18 Duties and powers of supervisory committee; audits; meeting minutes 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 28-7-1-19.1 Classification as adequately capitalized or lower; net worth requirements; exception 28-7-1-19.2 Classification as undercapitalized or lower; mandatory supervisory requirements and restrictions; discretionary supervisory actions 28-7-1-19.3 Classification as significantly undercapitalized or lower; mandatory supervisory requirements and restrictions; discretionary supervisory actions; conservatorship or liquidation 28-7-1-19.4 Classification as critically undercapitalized; mandatory supervisory requirements and restrictions; discretionary supervisory actions 28-7-1-20 Repealed 28-7-1-20.1 Issuance of shares; joint tenancy; deposits, investments, and withdrawals by minors 28-7-1-21 Repealed 28-7-1-22 Authority to borrow; limits; authority to receive public deposits and pledge securities 28-7-1-23 Loans to members; purposes; repayment plans; direct deposit 28-7-1-24 Regular reserve requirements; undivided profits account; financial statements; allowance for credit losses 28-7-1-24.1 Repealed 28-7-1-25 Dividends 28-7-1-26 Repealed 28-7-1-26.3 Termination of membership; termination or suspension of services to member; withdrawal from membership; notice 28-7-1-26.5 Refusal to make payment from account 28-7-1-27 Repealed 28-7-1-27.1 Dissolution 28-7-1-28 Change of place of business 28-7-1-29 Conversion from federal to state charter; conversion from state to federal charter; procedures and requirements 28-7-1-30 Repealed 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 28-7-1-31.3 Credit union officials; discharge of duties; indemnification 28-7-1-31.5 Insurance; examinations 28-7-1-32 Repealed 28-7-1-33 Merger of credit unions; submission of resolutions and joint agreement to department; approval or disapproval; shareholder vote; articles of merger 28-7-1-33.1 Merger of credit unions; surviving credit union organized under federal or other state law; department approval not required 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 28-7-1-35 Effect of amendments by Acts 1974, P.L.130 28-7-1-36 ATM ownership 28-7-1-37 Withdrawal of deposits 28-7-1-38 Requirement to provide property tax information in certain transactions 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
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