Indiana Code 28-6.1-9-9. Extensions of credit to officers, directors, trustees, and principal shareholders
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 28-6.1-9-9
- Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
- Trustee: A person or institution holding and administering property in trust.
Sec. 9. A savings bank may extend credit to an officer, a director, a trustee, or a principal shareholder in accordance with the restrictions and provisions of Regulation O of the Board of Governors of the Federal Reserve System (12 CFR 215).
As added by P.L.42-1993, SEC.72.