Ind. Code § 28-1-2-6
This is the official text of Ind. Code § 28-1-2-6, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Prudent conduct of business
Official statutory text
Sec. 6. Every financial institution to which this article is applicable shall conduct and transact its business in a safe and prudent manner; shall maintain such institution in a safe and solvent condition; and shall establish and maintain safe and sound methods for the conduct of such financial institution and its business and prudential affairs.
Formerly: Acts 1933, c.40, s.9; Acts 1971, P.L.394, SEC.6.
Formerly: Acts 1933, c.40, s.9; Acts 1971, P.L.394, SEC.6.
Status: in_force · Read it on the official government site
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