Indiana Statutes
§ 28-6.2-3-5 — Purchase of stock through loaned funds
Indiana § 28-6.2-3-5
This text of Indiana § 28-6.2-3-5 (Purchase of stock through loaned funds) 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 § 28-6.2-3-5 (2026).
Text
A savings bank shall not offer or sell any stock
to any person or corporation whose purchase would be financed by
funds loaned to the person or corporation by the savings bank or any of
its affiliates, unless that borrowing is approved by the department.
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Legislative History
As added by P.L.122-1994, SEC.101.
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
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Bluebook (online)
Indiana § 28-6.2-3-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-6.2-3-5.