Ind. Code § 28-14-5-7 – Prohibition on purchases of stock of nonsubsidiaries | Midpage
§ 7
Ind. Code § 28-14-5-7
Prohibition on purchases of stock of nonsubsidiaries
As added by P.L.262-1995, SEC.90.
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.