# Ind. Code § 28-7-1-3: Bylaws; requirement to commence business; form

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-3

## Section

- **Citation:** Ind. Code § 28-7-1-3
- **Heading:** Bylaws; requirement to commence business; form
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 28 / Article 7 / Chapter 1 / Section 28-7-1-3

## Text

Sec. 3. A credit union may not commence business until it submits a completed set of bylaws to the department. The department shall have a form of bylaws prepared, consistent with this chapter, which shall be used by credit union incorporators. Bylaws shall be available to persons desiring to organize a credit union.

Formerly: Acts 1961, c.182, s.3. As amended by Acts 1977, P.L.294, SEC.3; P.L.263-1995, SEC.3.

## Nearby sections

- [Ind. Code § 28-7-1-0.1 Application of certain amendments to chapter](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-0.1.md)
- [Ind. Code § 28-7-1-0.5 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-0.5.md)
- [Ind. Code § 28-7-1-1 Persons authorized to organize; application; articles of incorporation](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-1.md)
- [Ind. Code § 28-7-1-2 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-2.md)
- [Ind. Code § 28-7-1-3 Bylaws; requirement to commence business; form](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-3.md)
- [Ind. Code § 28-7-1-4 Bylaws; contents](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-4.md)
- [Ind. Code § 28-7-1-5 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-5.md)
- [Ind. Code § 28-7-1-6 Repealed](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-6.md)
- [Ind. Code § 28-7-1-7 Amendment of articles](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-7.md)
- [Ind. Code § 28-7-1-8 Unauthorized use of name "credit union"; violations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-8.md)
- [Ind. Code § 28-7-1-9 Powers; investments; maintenance of files; authority to purchase and hold life insurance](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-9.md)
- [Ind. Code § 28-7-1-9.1 Sale of life insurance policy or annuity contract; prohibitions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-9.1.md)
- [Ind. Code § 28-7-1-9.2 Request to exercise rights and privileges granted to federal credit unions; appeal](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-9.2.md)
- [Ind. Code § 28-7-1-10 Membership; identification; qualified groups; membership cards](https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-10.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T28_A7_C1_S28-7-1-3. Check the current official text before relying on it. Not legal advice.