Indiana Code Title 28. Financial Institutions § 28-6.1-10-9

Sec. 9. (a) Except as otherwise provided by law, a savings bank may not purchase shares of stock of a corporation that is not a subsidiary of that savings bank unless the purchase is considered expedient to prevent loss from a debt previously contracted in good faith.

(b) A savings bank shall sell shares of stock:

not more than six (6) months after the date of acquisition unless the director grants an extension of time for the sale.