Ind. Code § 5-1.4-3-2

Current through P.L. 171-2024

Section 5-1.4-3-2 - Additional powers

The bank may:

(1) make, enter into, and enforce all contracts necessary, convenient, or desirable for the purposes of the bank or pertaining to:

(A) a purchase or sale of securities or other investments; or

(B) the performance of its duties and execution of any of its powers under this article;

(2) purchase or hold securities at prices and in a manner the bank considers advisable and sell securities acquired or held by it at prices without relation to cost and in a manner the bank considers advisable;

(3) prescribe the form of application or procedure required of a qualified entity for a purchase of its securities, fix the terms and conditions of the purchase, and enter into agreements with qualified entities with respect to purchases;

(4) render services to a qualified entity in connection with a public or private sale of its securities, including advisory and other services, and charge for services rendered;

(5) charge for its costs and services in review or consideration of a proposed purchase by the bank of securities, whether the securities are purchased;

(6) fix and establish terms and provisions with respect to:

(A) a purchase of securities by the bank, including date and maturities of the securities;

(B) redemption or payment before maturity; and

(C) any other matters that in connection with the purchase are necessary, desirable, or advisable in the judgment of the bank;

(7) to the extent permitted under its contracts with the holders of bonds or notes of the bank, consent to modification of the rate of interest, time for payment of any installment of principal or interest, security, or any other term of a bond or note, contract, or agreement of any kind to which the bank is a party; and

(8) appoint and employ general or special counsel, accountants, financial advisors or experts, and all such other or different officers, agents, and employees as it requires and determine their qualifications, duties, and compensation, all in order to effectuate the purposes of this article.

IC 5-1.4-3-2

As added by P.L. 42-1985, SEC.1.