Prohibited Transactions; Investigatory and Enforcement Powers of Department

  1. Law
  2. Indiana Code
  3. Financial Institutions
  4. Corporate Fiduciaries
  5. Requirements and Prohibitions Applying to Corporate Fiduciaries
  6. Prohibited Transactions; Investigatory and Enforcement Powers of Department

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Sec. 1. (a) A corporate fiduciary is prohibited from entering into any transaction that would be prohibited for a bank under IC 28-1-18.2.

(b) The department has the same:

(1) powers of investigation; and

(2) enforcement authority;

concerning corporate fiduciaries and their affiliates as the department has with respect to banks and their affiliates under IC 28-1-18.2.

As added by P.L.262-1995, SEC.90.


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