IC 28-6.1-10-5 : Underwriting or guaranteeing issues of securities

Sec. 5. A savings bank may not underwrite or guarantee all or a part of an issue of securities other than obligations issued or guaranteed by or on behalf of the state, a political subdivision of the state, or an agency or instrumentality of the state or of a political subdivision.

As added by P.L.42-1993, SEC.72.