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Indiana Code Title 5. State and Local Administration § 5-1.2-4-2

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Sec. 2. The authority:

(1) may not deal in securities within the meaning of or subject to any securities law, securities exchange law, or securities dealers law of the United States or of the state of Indiana or of any other state or jurisdiction, domestic or foreign, except as authorized in the referenced statutes;

(2) may not:

(A) emit bills of credit;

(B) accept deposits of money for time or demand deposit;

(C) administer trusts;

(D) engage in any form or manner, or in the conduct of, any private or commercial banking business;  or

(E) act as a savings bank, savings association, or any other kind of financial institution;  and

(3) may not engage in any form of private or commercial banking business.

Cite this article: - Indiana Code Title 5. State and Local Administration § 5-1.2-4-2 - last updated June 08, 2021 |

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