Ind. Code § 28-6.2-3-5

Current through P.L. 171-2024

Section 28-6.2-3-5 - Purchase of stock through loaned funds

A savings bank shall not offer or sell any stock to any person or corporation whose purchase would be financed by funds loaned to the person or corporation by the savings bank or any of its affiliates, unless that borrowing is approved by the department.

IC 28-6.2-3-5

As added by P.L. 122-1994, SEC.101.