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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 10. (a) Except as otherwise provided, and subject to subsection (b), an officer, director, owner, partner, employee, or attorney of any bank or trust company who stipulates for, receives, or consents or agrees to receive, any fee, commission, gift, or thing of value, from any person, for the purpose of procuring or endeavoring to procure for any person any loan from or the purchase or discount of any paper, note, draft, check, or bill of exchange by the bank or trust company, commits a Class A misdemeanor.
(b) The prohibitions set forth in subsection (a) do not apply to a bank's or a trust company's:
(1) bona fide employment agreements, including benefit or compensation plans; or
(2) compensation agreements with third party independent contractors.
Cite this article: FindLaw.com - Indiana Code Title 28. Financial Institutions § 28-1-13-10 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-28-financial-institutions/in-code-sect-28-1-13-10/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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