Sec. 3. A corporate fiduciary may not underwrite or guarantee all or any part of an issue of securities other than obligations issued or guaranteed by or on behalf of:

(1) the state;

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Terms Used In Indiana Code 28-14-5-3

  • Fiduciary: A trustee, executor, or administrator.
(2) a political subdivision of the state; or

(3) an agency or instrumentality of the state.

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