Indiana Code Title 28. Financial Institutions § 28-7-1-20.1

Sec. 20.1. (a) Shares may be issued as the bylaws provide.  The provisions of IC 28-1-20-6 apply to loans to any borrower and shall inure to the benefit of the credit union.  Shares may be issued in a joint tenancy with right of survivorship, but no joint tenant shall be permitted to vote, obtain loans, or hold office, unless the tenant is a member.

(b) A credit union may issue shares to and receive deposits from a minor.  The minor may withdraw the deposits or shares and any dividends or interest on the deposits or shares.  A deposit, investment in a share, or withdrawal under this subsection by a minor is valid and enforceable.  The minor is considered an adult with respect to the deposit, investment, or withdrawal.