Indiana · Indiana Code — full code (public domain; via Open US Law, CC BY 4.0)

Ind. Code § 37-1-3-12: Ind. Code § 37-1-3-12

Civil

What this law says, in plain English

This statute allows the director to remove officers or managers of creditors from office or prohibit their participation if they violate laws, engage in fraudulent conduct, or are convicted felons. Creditors permitting felons to serve face civil penalties.

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This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.