Section 28-6.1-10-8 - Purchase and sale of collateralized mortgage obligations(a) Subject to subsection (b), a savings bank may purchase for its own account and sell obligations, commonly known as collateralized mortgage obligations, that are eligible for purchase and sale by national banking associations.(b) A savings bank may purchase for its own account and sell the obligations only to the extent that a national banking association can purchase and sell those obligations.As added by P.L. 42-1993, SEC.72.