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IC 28-15-4-1
Depositors
Sec. 1. A person becomes a depositor when the person is accepted
by the savings association.
As added by P.L.193-1997, SEC.2.
IC 28-15-4-2
Terms and conditions
Sec. 2. The board of directors of a savings association may
determine the terms and conditions of accepting deposits and making
withdrawals.
As added by P.L.193-1997, SEC.2.
IC 28-15-4-3
Assessable amount
Sec. 3. All deposit accounts in a mutual association are assessable
only to the extent of their withdrawal value.
As added by P.L.193-1997, SEC.2.
IC 28-15-4-4
Eligible investments for trust funds
Sec. 4. (a) Deposit accounts are eligible investments for trust
funds administered by a savings association.
(b) As a fiduciary, a savings association must comply with the
provisions of IC 30-4-3-7.
(c) A fiduciary has all rights and privileges of a member of a
mutual savings association except the right to hold office or serve on
the board of the savings association.
As added by P.L.193-1997, SEC.2.