Sec. 6. (a) Subject to subsection (b), a savings bank may invest in dealing in exchange by purchasing and selling sight or time drafts and acceptances payable out of Indiana. (b) A draft or an acceptance may not: (1) exceed ten thousand dollars ($10,000); or (2) have to exceed one hundred twenty (120) days to run from the time of its purchase.
‹ Prev All Indiana sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.