Indiana § 28-1-9-20 - Pending liquidations; acceptance of chapter
Full text of Indiana Indiana Code § 28-1-9-20 — Pending liquidations; acceptance of chapter, with citation guidance and answers to common questions.
§ 28-1-9-20. Pending liquidations; acceptance of chapter
Sec. 20. Any bank of discount and deposit, loan and trust and safe deposit company, or building and loan association organized under the provisions of any statute enacted prior to February 24, 1933, which is in voluntary liquidation on February 24, 1933, pursuant to any statute of this state may accept the provisions of this chapter and continue the liquidation of such corporation pursuant to the terms and provisions of this chapter.
Formerly: Acts 1933, c.40, s.161. As amended by P.L.263-1985, SEC.51.
IC 28-1-10Chapter 10. RepealedRepealed by P.L.164-1988, SEC.14.
IC 28-1-11Chapter 11. Powers of Banks and Trust Companies
28-1-11-1General and enumerated rights, privileges, and powers; "bank or trust company" 28-1-11-2Fiscal or transfer agent; transportation agent; insurance producer or broker; attorney in fact 28-1-11-2.5Sale of life insurance policy or annuity contract 28-1-11-2.6Repealed 28-1-11-3Repealed 28-1-11-3.1Powers necessary and usual in carrying on banking business; enumerated powers; application of rules 28-1-11-3.2Request to exercise rights and privileges granted to national bank; procedures; appeal 28-1-11-4Investments; deposit of funds 28-1-11-5Real estate 28-1-11-6Appointment as fiduciary 28-1-11-7Testamentary and probate fiduciary appointments 28-1-11-8Appointment as successor guardian, trustee, executor, or administrator 28-1-11-9Trust business 28-1-11-10Service as fiduciary without bond; judicial control; requirement of security 28-1-11-11Safe deposits and escrows 28-1-11-12Federal reserve system and federal deposit insurance corporation membership; federal securities 28-1-11-12.5Federal home loan bank; investments; membership; loans; transfer, assignment, and pledge of bonds, notes, contracts, mortgages, securities, and other property 28-1-11-13Compensation for services 28-1-11-14Community and economic development investments and other public welfare investments; limits; exposure to liability
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-1-9-20
What does Indiana Code § 28-1-9-20 cover?
Section 28-1-9-20 ("Pending liquidations; acceptance of chapter") 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 § 28-1-9-20?
A common citation format is "Indiana Code § 28-1-9-20" (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 § 28-1-9-20 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.