Indiana § 28-6.1-10-6 Purchase and sale of investment securities for bank's own account
under department rules; limitation on investment securities

Indiana Statutes

§ 28-6.1-10-6 — Purchase and sale of investment securities for bank's own account under department rules; limitation on investment securities

Indiana § 28-6.1-10-6

Art. 6.1SAVINGS BANKS

Ch. 10Savings Banks Dealing in Investment Securities

This text of Indiana § 28-6.1-10-6 (Purchase and sale of investment securities for bank's own account under department rules; limitation on investment 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 § 28-6.1-10-6 (2026).

Text

(a)Subject to subsection (b), a savings bank may purchase for its own account and sell investment securities under limitations and restrictions the department prescribes by regulation, rule, policy, or guidance.

(b)The total amount of the investment securities of any one (1) obligor or maker, purchased or held by any savings bank for its own account may not at any time exceed ten percent (10%) of the amount of the total equity capital of the savings bank.

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(a) Subject to subsection (b), a savings bank
may purchase for its own account and sell investment securities under
limitations and restrictions the department prescribes by regulation,
rule, policy, or guidance.
(b) The total amount of the investment securities of any one (1)
obligor or maker, purchased or held by any savings bank for its own
account may not at any time exceed ten percent (10%) of the amount
of the total equity capital of the savings bank.