The legal document content, part of the Indiana Code under the Commercial Law and Uniform Commercial Code, provides definitions and provisions related to fund transfers. It governs the rights, obligations, and procedures for banks, customers, and other entities involved in fund transfers. The document covers various aspects, including definitions of payment orders, acceptance and rejection of payment orders, cancellation and amendment of payment orders, liability for late or improper execution of payment orders, payment obligations, rights and obligations of receiving banks and beneficiary’s banks, and choice of law in funds transfers.

The legal document, specifically Section 102 of the Indiana Code, falls under the Commercial Law and governs the use and handling of Letters of Credit. It provides definitions for various terms related to Letters of Credit, outlines the rights, obligations, and responsibilities of the parties involved in the issuance, confirmation, amendment, or presentation of a letter of credit, and establishes the requirements for a letter of credit to be considered valid and enforceable.

The provided legal document content falls under the Indiana Code, specifically the Uniform Commercial Code’s Secured Transactions section. It covers various aspects of secured transactions, including definitions of terms, purchase-money security interests, control of deposit accounts and electronic chattel paper, control of certificated and uncertificated securities, control of commodity contracts, control of letter-of-credit rights, sufficiency of description for collateral, application of IC 26-1-9.1, creation and perfection of security interests, after-acquired collateral, rights and duties of secured parties, additional duties of secured parties, requests for accounting and statements of account, perfection and priority of security interests, perfection and priority of security interests in property subject to certain statutes, regulations, and treaties, perfection and priority of security interests in goods covered by a certificate of title, perfection and priority of security interests in deposit accounts, perfection and priority of security interests in investment property, priority of security interests in chattel paper and instruments, priority of security interests in fixtures and crops, and priority of security interests in letter-of-credit rights.

The provided legal document content pertains to negotiable instruments. It states that all promissory notes, bills of exchange, bonds, or other instruments in writing, signed by any person who promises to pay money or acknowledges money to be due, or for the delivery of a specific article, or to convey property, or to perform any stipulation mentioned therein, shall be negotiable by endorsement. The assignee of any such instrument may recover against the person who made the same.

The provided legal document content pertains to the penalties for stopping payments or permitting dishonor of checks and drafts under the Indiana Code, specifically the Commercial Transactions section. It applies to persons liable under section 4 of this chapter. The document outlines the liabilities and penalties for individuals who stop payment on a check without valid legal cause or allow a check to be dishonored by a financial institution due to lack of funds, failure to have an account, or lack of an authorized signature.

The Indiana Financial Institutions Act, also known as The Indiana Financial Institutions Act, provides regulations and definitions for various terms used in the context of financial institutions. It applies to a wide range of entities, including banks, trust companies, corporate fiduciaries, savings associations, credit unions, savings banks, banks of discount and deposit, and industrial loan and investment companies. The act clarifies that the term ‘bank’ or ‘bank or trust company’ does not include savings associations, credit unions, or industrial loan and investment companies.

The legal document, part of the Indiana Code, grants banks and trust companies in Indiana various rights, privileges, and powers. It allows them to act as fiscal or transfer agents, buy and sell transportation, solicit and write insurance, and act as attorneys in fact or agents for any lawful purpose. The document also grants banks and trust companies the power to act as executors or trustees, guardians, and administrators of estates.

This legal document, governed by the Indiana Code, provides the authority for courts or officers to appoint a bank or trust company as a fiduciary in various proceedings or actions. The document outlines the criteria for qualification, including being organized under specific provisions, being a national bank authorized to act as a fiduciary, or being organized and doing trust company business under the laws of a specified state or territory. It also allows a bank or trust company from another state to establish a place of business or agency in Indiana for fiduciary activities, subject to approval.

This legal document, governed by the Indiana Code, specifically the section related to the Department of Financial Institutions and the Loans and Investments of Banks and Trust Companies, establishes limits on the total loans and extensions of credit that a bank can provide to a single borrower. The document distinguishes between loans and extensions that are not fully secured and those that are fully secured by readily marketable collateral. For loans not fully secured, the bank’s total exposure to a single borrower may not exceed fifteen percent (15%) of the bank’s unimpaired capital and unimpaired surplus.

The provided legal document content pertains to the Statements of Condition of Banks and Trust Companies in Indiana. According to the document, the Department of Financial Institutions has the authority to require banks and trust companies to prepare, submit, and publish statements of condition. These statements need to be verified and submitted according to the designated forms, notice, and dates specified by the department. Banks and trust companies are also required to publish their statements of condition in a newspaper located in the city or town where they have their principal office.