Ind. Code § 28-9-5-2
Indemnification of depository financial institution by adverse claimant
Indiana · Indiana Code Title 28 — Financial Institutions · Status: effective
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- Citation
- Ind. Code § 28-9-5-2, Indemnification of depository financial institution by adverse claimant, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1666835
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Full text
Sec. 2. If a depository financial institution:
(1) has responded in good faith to an adverse claimant under this article; and
(2) is held liable to a depositor or another person by reason of the failure of the depository financial institution to treat a deposit account in accordance with an agreement made between the depository financial institution and a depositor;
the depository financial institution is entitled to indemnification from the adverse claimant for the full amount of damages incurred by the depository financial institution, including attorney's fees.