Indiana Code § 5-1.5-8-7

Investment and reinvestment; securities sold to bank
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Sec. 7. Notwithstanding any statute applicable to or constituting any limitation on the investment or reinvestment of funds by or on behalf of political subdivisions, a qualified entity selling securities to the bank in connection with a program established by the bank may invest and reinvest funds that constitute, replace, or substitute for the proceeds of securities sold to the bank under an established bank program in any instrument or other investment authorized under a resolution of the bank.   IC 5-1.5-9 Chapter 9. Miscellaneous Provisions               5-1.5-9-1 Limitation of actions             5-1.5-9-2 Property of bank exempt from levy and sale; judgment against bank not charge or lien on property; rights of holders of bonds or notes             5-1.5-9-3 Repealed             5-1.5-9-4 Insurance or guaranty for payment or repayment of interest or principal, or both             5-1.5-9-5 Authority to receive money; disposition             5-1.5-9-6 Financial institution to keep and pay over funds deposited with it             5-1.5-9-7 Contracts or agreements with financial institutions; care, custody, or safekeeping of securities; services connected with payment or collection of interest or principal             5-1.5-9-8 Financial institutions and fiduciaries; investment in bonds and notes             5-1.5-9-9 Nature of bank property; bonds or notes issued; interest and proceeds received; tax exemption             5-1.5-9-10 Officers, departments, etc., of the state to render services to bank; costs and expenses             5-1.5-9-11 Pledges of revenues or other money             5-1.5-9-12 Securities; registration requirements; exemption

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