IC 28-6.1-9-9 : Extensions of credit to officers, directors, trustees, and principal shareholders

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.