Home/Indiana/Statutes/Art. 14: CORPORATE FIDUCIARIES/Ch. 5: Investments of Corporate Fiduciaries/§ 28-14-5-7
Indiana Statutes

§ 28-14-5-7 — Prohibition on purchases of stock of nonsubsidiaries

Indiana § 28-14-5-7
JurisdictionIndiana
Art. 14CORPORATE FIDUCIARIES
Ch. 5Investments of Corporate Fiduciaries

This text of Indiana § 28-14-5-7 (Prohibition on purchases of stock of nonsubsidiaries) 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 § 28-14-5-7 (2026).

Text

Except as otherwise authorized by this title, a corporate fiduciary may not purchase any share of stock of a corporation that is not a subsidiary of the corporate fiduciary.

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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"
§ 28-1-11-1
General and enumerated rights, privileges, and powers; "bank or trust company"
§ 28-1-11-10
Service as fiduciary without bond; judicial control; requirement of security
§ 28-1-11-11
Safe deposits and escrows
§ 28-1-11-12
Federal reserve system and federal deposit insurance corporation membership; federal securities
§ 28-1-11-12.5
Federal home loan bank; investments; membership; loans; transfer, assignment, and pledge of bonds, notes, contracts, mortgages, securities, and other property
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Bluebook (online)
Indiana § 28-14-5-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-14-5-7.