Indiana § 28-14-5-5 Purchase for own account and sale of shares of investment companies
and mortgage backed securities

Indiana Statutes

§ 28-14-5-5 — Purchase for own account and sale of shares of investment companies and mortgage backed securities

Indiana·Art. 14 CORPORATE FIDUCIARIES·Ch. 5 Investments of Corporate Fiduciaries

A corporate fiduciary may purchase for its own account and sell:

(1)shares of investment companies, the portfolios of which consist solely of securities that are eligible for purchase and sale by national banking associations; and

(2)mortgage backed securities that are eligible for purchase and sale by national banking associations, only to the extent that a national banking association can purchase and sell mortgage backed securities.

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A corporate fiduciary may purchase for its own
account and sell:
(1) shares of investment companies, the portfolios of which
consist solely of securities that are eligible for purchase and sale
by national banking associations; and
(2) mortgage backed securities that are eligible for purchase and
sale by national banking associations, only to the extent that a
national banking association can purchase and sell mortgage
backed securities.

Indiana § 28-14-5-5 (Purchase for own account and sale of shares of investment companies and mortgage backed securities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.