Sec. 7. Except as otherwise authorized by this title, a corporate fiduciary may not purchase any share of stock of a corporation that is not a subsidiary of the corporate fiduciary.
Ind. Code § 28-14-5-7
Prohibition on purchases of stock of nonsubsidiaries
As added by P.L.262-1995, SEC.90.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.