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 § 28-14-5-5

Art. 14CORPORATE FIDUCIARIES

Ch. 5Investments of Corporate Fiduciaries

This text of Indiana § 28-14-5-5 (Purchase for own account and sale of shares of investment companies and mortgage backed securities) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-14-5-5 (2026).

Text

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.