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NORTHERN INDIANA BANK v. ST. BD. OF FIN.

No. 1182S449.

457 N.E.2d 527 (1983)

NORTHERN INDIANA BANK and Trust Company and Indiana Bankers Association, Inc., Appellants (Plaintiffs below), v. STATE BOARD OF FINANCE OF INDIANA; THEODORE L. SENDAK, As Attorney General of the State of Indiana; State Board of Accounts of Indiana; Kenneth R. Beesley, As Chief Examiner of the State Board of Accounts; Charles W. Stout, As Deputy Examiner of the State Board of Accounts; and Richard L. Worley, As Deputy Examiner of the State of Board of Accounts; the First Federal Savings and Loan Association of Valparaiso; and the Savings and Loan League of Indiana, Inc., Appellees (Defendants below).

Supreme Court of Indiana.

December 20, 1983.

Attorney(s) appearing for the Case

James L. Jorgensen, Hoeppner, Wagner & Evans, Valparaiso, Donald F. Elliott, Jr., Ice, Miller, Donadio & Ryan, Indianapolis, for appellants.

Linley E. Pearson, Atty. Gen., David Michael Wallman, Deputy Atty. Gen., Indianapolis, Quentin A. Blachly, Blachly, Tabor, Bozik & Hartman, Valparaiso, Lewis C. Bose, David R. Day, Bose, McKinney & Evans, Indianapolis, Patrick J. Dougherty, Spangler, Jennings, Spangler & Dougherty, Valparaiso, for appellees.

HUNTER, Justice.

This is an appeal from a declaratory judgment action in which the trial court held that 1980 Indiana Acts Public Law 15 (P.L. No. 15) was constitutional.

P.L. No. 15 amended Ind. Code § 4-10-8-1 (Burns 1982 Repl.), Ind. Code § 5-13-1-2 (Burns 1983 Repl.), and Ind. Code § 5-13-1-6 (Burns 1983 Repl.), and permitted the State and municipal corporations to deposit public funds in deposit-type savings associations.

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