Indiana Code 28-2-13-22.6. Intermittent facilities on school premises; services; notice to department; operation
(1) an elementary school (as defined in IC 20-18-2-4); or
Terms Used In Indiana Code 28-2-13-22.6
- bank: has the meaning set forth in IC 28-2-17-3. See Indiana Code 28-2-13-5
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- department: refers to the department of financial institutions created under IC 28-11-1-1. See Indiana Code 28-2-13-13
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- school: means :
Indiana Code 28-2-13-22.6
- state bank: means a bank that has been organized or reorganized under Indiana law. See Indiana Code 28-2-13-18
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
The term includes a public school (as defined in IC 20-18-2-15) or a nonpublic school (as defined in IC 20-18-2-12).
(b) A state bank is entitled to establish an intermittent facility on the premises of a school in Indiana for the purpose of offering limited account services as an educational tool for students.
(c) The services that may be offered at an intermittent facility established under this section include:
(1) the opening of accounts;
(2) the acceptance of deposits; and
(3) other services determined by the department.
(d) To establish an intermittent facility under this section, a state bank is not required to submit an application to the department. However, before establishing an intermittent facility under this section, a state bank must:
(1) obtain the written permission of:
(A) the governing body of the school corporation, for a public school; or
(B) the equivalent authority for a nonpublic school;
for the establishment and operation of the facility on the premises of the school; and
(2) notify the department in writing of the intention of the state bank to establish the intermittent facility.
(e) A written notice provided to the department under subsection (d)(2) must:
(1) be in the form; and
(2) contain the information;
prescribed by the department.
(f) An intermittent facility operated by a state bank under this section:
(1) may be operated only during the school year; and
(2) must meet all other requirements of state law applying to state banks.
As added by P.L.90-2008, SEC.34.