Ind. Code § 5-1.4-8-1

Current through P.L. 171-2024

Section 5-1.4-8-1 - Purchase of securities offered by qualified entity; private sale; issuance of bonds or notes for purpose of purchase

The bank, to carry out the purposes and policies of this article, may purchase securities offered by a qualified entity. Notwithstanding any law to the contrary, a qualified entity may sell its securities to the bank at a negotiated, private sale. The bank, for this purpose, may issue its bonds and notes payable solely from the revenues or funds available to the bank for such payment and may otherwise assist qualified entities as provided in this article.

IC 5-1.4-8-1

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