Sec. 9. A savings bank may invest the money deposited in the savings bank in and sell shares of open-end investment companies, the portfolios of which consist solely of securities eligible for purchase and sale by national banking associations, on terms and conditions prescribed by federal law or regulation for national banking associations.
As added by P.L.42-1993, SEC.72.
Structure Indiana Code
Title 28. Financial Institutions
Chapter 8. Investment and Loan Powers of Savings Banks
28-6.1-8-1. Application of Article
28-6.1-8-2. Making, Arranging, Purchasing, and Selling Real Estate Loans and Extensions of Credit
28-6.1-8-3. Making Fha Loans, Advances of Credit, and Purchases of Obligations
28-6.1-8-4. Lending Deposited Money
28-6.1-8-5. Investing in Real Estate
28-6.1-8-6. Investing in Dealings in Exchange
28-6.1-8-7. Becoming Federal Reserve System Member and Exercising Conferred Powers
28-6.1-8-8. Exercising Powers Relating to Federal Home Loan Banks and Corporations
28-6.1-8-9. Investing in and Selling Shares of Open-End Investment Companies
28-6.1-8-10. Depositing Funds; Permissible Institutions and Accounts