Loaning money; engaging in tax equity finance transactions
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Indiana Code › Title 28 › Article 6.1 › Chapter 6 › Section 28-6.1-6-3
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Sec. 3. (a) A savings bank may loan money.
(b) Subject to any regulation, rule, policy, or guidance adopted by the department, pursuant to its lending authority, a savings bank may engage directly or indirectly in any tax equity finance transaction permissible for a national bank or federal savings association under 12 CFR 7.1025. The authority to engage in tax equity finance transactions under this subsection is separate from, and does not limit, any investment authorities available to a savings bank. A tax equity finance transaction is subject to the substantive legal requirements of a loan, including, without limitation, IC 28-6.1-9.
As added by P.L.42-1993, SEC.72. Amended by P.L.31-2022, SEC.3.
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