Indiana § 5-1.2-4-2 Prohibited activities

Indiana Statutes

§ 5-1.2-4-2 — Prohibited activities

Indiana § 5-1.2-4-2

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 4General Powers and Duties

This text of Indiana § 5-1.2-4-2 (Prohibited activities) 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 § 5-1.2-4-2 (2026).

Text

The authority:

(1)may not deal in securities within the meaning of or subject to any securities law, securities exchange law, or securities dealers law of the United States or of the state of Indiana or of any other state or jurisdiction, domestic or foreign, except as authorized in the referenced statutes;

(2)may not:

(A)emit bills of credit;

(B)accept deposits of money for time or demand deposit;

(C)administer trusts;

(D)engage in any form or manner, or in the conduct of, any private or commercial banking business; or

(E)act as a savings bank, savings association, or any other kind of financial institution; and

(3)may not engage in any form of private or commercial banking business.

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The authority:
(1) may not deal in securities within the meaning of or subject to
any securities law, securities exchange law, or securities dealers
law of the United States or of the state of Indiana or of any other
state or jurisdiction, domestic or foreign, except as authorized in
the referenced statutes;
(2) may not:
(A) emit bills of credit;
(B) accept deposits of money for time or demand deposit;
(C) administer trusts;
(D) engage in any form or manner, or in the conduct of, any
private or commercial banking business; or
(E) act as a savings bank, savings association, or any other kind
of financial institution; and
(3) may not engage in any form of private or commercial banking
business.