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Indiana General Assembly
House Bill 1653


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House Bill 1653

ARCHIVE (2003)

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DIGEST OF HB1653 (Updated April 22, 2003 2:09 PM - DI 84)

Financial institutions. Allows a bank to sell life insurance or an annuity issued by a life insurance company in any state in which the bank operates. Specifies requirements for an Indiana bank that sells life insurance or annuities. Changes the requirements for filing a statement of condition by a bank. Prohibits a savings bank or savings association acting as a fiduciary from receiving a commission or profit as part of a transaction involving an estate, guardianship, or trust. Creates an exception to the requirement that a director of a state chartered financial institution be a citizen of the United States. Defines language used in conjunction with the termination of a security interest.
Current Status:
 Law Enacted
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