# Ind. Code § 28-1-18.2-5: Applicability of certain provisions of Federal Reserve Act and regulations; violations

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-5

## Section

- **Citation:** Ind. Code § 28-1-18.2-5
- **Heading:** Applicability of certain provisions of Federal Reserve Act and regulations; violations
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 28 / Article 1 / Chapter 18.2 / Section 28-1-18.2-5

## Text

Sec. 5. (a) For purposes of this section, a bank or trust company that is not a member of the Federal Reserve System is subject to Sections 23A and 23B of the Federal Reserve Act (12 U.S.C. 371c or 371c-1) and Federal Reserve Regulation W (12 CFR 223) to the same extent and in the same manner as though it were a member of the Federal Reserve System.

(b) A violation of Section 23A or 23B of the Federal Reserve Act (12 U.S.C. 371c or 371c-1) or Federal Reserve Regulation W (12 CFR 223) by a bank or trust company or a subsidiary of either constitutes a violation of this section.

As added by P.L.33-1991, SEC.18. Amended by P.L.141-2005, SEC.8.

## Nearby sections

- [Ind. Code § 28-1-18.2-1 "Affiliate" defined; scope of term](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-1.md)
- [Ind. Code § 28-1-18.2-1.1 "Company" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-1.1.md)
- [Ind. Code § 28-1-18.2-1.2 "Subsidiary" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-1.2.md)
- [Ind. Code § 28-1-18.2-1.3 Control over another company; fiduciary ownership or control of shares](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-1.3.md)
- [Ind. Code § 28-1-18.2-2 Statement of financial condition; requirements; extension of time; additional statements; penalty for failure to furnish statement](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-2.md)
- [Ind. Code § 28-1-18.2-3 Examination; report on failure to comply with department's recommendations or suggestions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-3.md)
- [Ind. Code § 28-1-18.2-4 Powers of department; assessment of expenses; penalty for refusal to permit examination](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-4.md)
- [Ind. Code § 28-1-18.2-5 Applicability of certain provisions of Federal Reserve Act and regulations; violations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-5.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A1_C18.2_S28-1-18.2-5. Check the current official text before relying on it. Not legal advice.