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149 chapters · 1,498 sections in this title.
Ind. Code § 28-6.1-10-7 Purchase and sale of government chartered small business investment company stock
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Sec. 7. A savings bank may purchase for its own account and sell shares of stock in federal or state chartered small business investment companies that have received a permit or license to operate under the federal Small Business Investment Act, subject to the limitations and res…
Ind. Code § 28-6.1-10-8 Purchase and sale of collateralized mortgage obligations
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Sec. 8. (a) Subject to subsection (b), a savings bank may purchase for its own account and sell obligations, commonly known as collateralized mortgage obligations, that are eligible for purchase and sale by national banking associations. (b) A savings bank may purchase for its ow…
Ind. Code § 28-6.1-10-8.5 Purchase of speculative securities or securities not rated by a generally recognized security rating service
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Sec. 8.5. (a) A savings bank may not purchase for its own account any bond, note, or other evidence of indebtedness that is commonly designated as a security that is speculative in character or that has speculative characteristics. For the purposes of this subsection, a security …
Purchase and sale of nonsubsidiary corporation stock
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Sec. 9. (a) Except as otherwise provided by law, a savings bank may not purchase shares of stock of a corporation that is not a subsidiary of that savings bank unless the purchase is considered expedient to prevent loss from a debt previously contracted in good faith. (b) A savin…