Investing in dealings in exchange

Ind. Code § 28-6.1-8-6
in effect
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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. As added by P.L.42-1993, SEC.72.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026

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