Indiana Code 28-14-5-5. Purchase for own account and sale of shares of investment companies and mortgage backed securities
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Sec. 5. A corporate fiduciary may purchase for its own account and sell:
(2) mortgage backed securities that are eligible for purchase and sale by national banking associations, only to the extent that a national banking association can purchase and sell mortgage backed securities.
(1) shares of investment companies, the portfolios of which consist solely of securities that are eligible for purchase and sale by national banking associations; and
Terms Used In Indiana Code 28-14-5-5
- Fiduciary: A trustee, executor, or administrator.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
As added by P.L.262-1995, SEC.90.