Ind. Code § 28-6.1-10-12

Current through P.L. 171-2024

Section 28-6.1-10-12 - Establishment and acquisition of subsidiaries

A savings bank may establish or acquire a subsidiary that engages in either of the following:

(1) The sale, distribution, or underwriting of securities issued by investment companies (as defined in Section 3 of the Investment Company Act of 1940 (15 U.S.C. 80a-3)).

(2) The underwriting or distribution of securities backed by or representing an interest in mortgages.

IC 28-6.1-10-12

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