Accepting drafts for future payment; issuing letters of credit
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Indiana Code › Title 28 › Article 6.1 › Chapter 6 › Section 28-6.1-6-8
This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.
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Sec. 8. A savings bank may accept for future payment drafts drawn upon the savings bank by its customers and may issue letters of credit with a specific expiration date authorizing the holders of the letters to draw drafts upon the savings bank or its correspondents at sight or on time.
As added by P.L.42-1993, SEC.72.
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