Prohibited acts

Ind. Code § 5-13-9-9
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 9. An officer designated in section 1 of this chapter may not do the following: (1) Purchase securities on margin. (2) Open a securities margin account for the investment of public funds. As added by P.L.72-1995, SEC.5.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/5Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements