We have identified that we need to re-train our new accounts staff on the types of accounts we can offer business customers. We an internal document that informs our staff that a partnership CAN earn interest if a husband and wife make up the partnership. This appears to be contrary to 12 USC 1832. I recently learned that single owner LLC are eligible for NOW accounts. Does Indiana have other loopholes?

What is the basis for your statement that single owner LLC's can have a NOW account?

The basis for the statement was the information that I received at a recent seminar. However, I have further learned that this information is incorrect per the DFI and FDIC.