Indiana § 27-6-9-11 - "Qualified United States financial institution"
Full text of Indiana Indiana Code § 27-6-9-11 — "Qualified United States financial institution", with citation guidance and answers to common questions.
§ 27-6-9-11. "Qualified United States financial institution"
Sec. 11. As used in this chapter, "qualified United States financial institution" means an institution that:
(1) is organized or (in the case of a United States office of a foreign banking organization) licensed, under the laws of the United States or any state;
(2) is regulated, supervised, and examined by United States federal or state authorities having regulatory authority over banks and trust companies; and
(3) has been determined by:
(A) the commissioner; or
(B) the Securities Valuation Office of the NAIC;
to meet such standards of financial condition and standing as are considered necessary and appropriate to regulate the quality of financial institutions whose letters of credit will be acceptable to the commissioner.
As added by P.L.26-1991, SEC.26. Amended by P.L.124-2018, SEC.67.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-6-9-11
What does Indiana Code § 27-6-9-11 cover?
Section 27-6-9-11 (""Qualified United States financial institution"") 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 § 27-6-9-11?
A common citation format is "Indiana Code § 27-6-9-11" (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 § 27-6-9-11 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.