Indiana § 22-2-4-1 - "Financial institution" defined; payment; void contracts; exceptions
Full text of Indiana Indiana Code § 22-2-4-1 — "Financial institution" defined; payment; void contracts; exceptions, with citation guidance and answers to common questions.
§ 22-2-4-1. "Financial institution" defined; payment; void contracts; exceptions
Sec. 1. (a) As used in this section, "financial institution" means a financial institution regulated by an agency of the United States or any state.
(b) Every corporation, limited liability company, association, company, firm, or person engaged in Indiana in mining coal, ore, or other mineral, quarrying stone, or in manufacturing iron, steel, lumber, staves, heading barrels, brick, tile, machinery, agricultural or mechanical implements, or any article of merchandise shall pay each employee of the corporation, limited liability company, company, association, firm, or person, if demanded, at least every two (2) weeks, the amount due the employee for labor. The payments shall be made in lawful money of the United States, by negotiable check, draft, or money order, or by electronic transfer to the financial institution designated by the employee.
(c) Any contract in violation of this section is void. This section does not apply where employees and employers by mutual agreement or contract have provided for payments on a weekly basis.
Formerly: Acts 1911, c.68, s.1; Acts 1971, P.L.349, SEC.1. As amended by P.L.216-1989, SEC.1; P.L.8-1993, SEC.271.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 22-2-4-1
What does Indiana Code § 22-2-4-1 cover?
Section 22-2-4-1 (""Financial institution" defined; payment; void contracts; exceptions") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 22-2-4-1?
A common citation format is "Indiana Code § 22-2-4-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 22-2-4-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.