Indiana Code § 21-16-5-13

Investment of funds
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Sec. 13. All: (1) banks; (2) bankers; (3) trust companies; (4) savings banks and institutions; (5) building and loan associations; (6) saving and loan associations; (7) investment companies; (8) insurance companies and associations; and (9) executors, administrators, guardians, trustees, and other fiduciaries; may legally invest any sinking funds, money, or other funds that belong to them or are within their control in any bonds or notes issued under this chapter. [Pre-2007 Higher Education Recodification Citation: 20-12-21.2-6.]

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