Indiana Statutes
§ 28-14-3-6 — United States government securities
(a)Notwithstanding any other law, a corporate
fiduciary holding United States government securities in a fiduciary
capacity may use the Federal Reserve Book-Entry procedure for United
States government securities. The records of the corporate fiduciary
must at all times show the name of the party for whose account the
United States government securities are deposited.
(b)Title to the United States government securities registered by
Federal Reserve Book-Entry under subsection (a) may be transferred
by bookkeeping entry on the books of the Federal Reserve without
physical delivery of certificates representing the securities.
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Legislative History
As added by P.L.262-1995, SEC.90.
Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrows