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§ 28-9-5-2 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 9 - Depository Financial Institutions Adverse Claims Act/
  6. Chapter 5 - Immunity; Indemnification; Interpleader28-9-5-1. Holds on or Restrictions of Withdrawals From Deposit Accounts; Failure to Send Copy of Order or Notice or Written Notification to Depositor; Immunity/
  7. § 28-9-5-2
Indiana Legal Code

§ 28-9-5-2

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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.As added by P.L.258-1989, SEC.2.