IC 28-14-5-5 : Purchase for own account and sale of shares of investment companies and mortgage backed securities

Sec. 5. A corporate fiduciary may purchase for its own account and sell:

(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

(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.

As added by P.L.262-1995, SEC.90.