Indiana Statutes
§ 28-6.1-8-6 — Investing in dealings in exchange
Indiana § 28-6.1-8-6
This text of Indiana § 28-6.1-8-6 (Investing in dealings in exchange) 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 § 28-6.1-8-6 (2026).
Text
(a)Subject to subsection (b), a savings bank
may invest in dealing in exchange by purchasing and selling sight or
time drafts and acceptances payable out of Indiana.
(b)A draft or an acceptance may not:
(1)exceed ten thousand dollars ($10,000); or
(2)have to exceed one hundred twenty (120) days to run from the
time of its purchase.
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Legislative History
As added by P.L.42-1993, SEC.72.
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 escrowsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 28-6.1-8-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-6.1-8-6.