28-1-13-8. Loans on Security of Own Shares; Acquisition of Shares; Disposition

Sec. 8. No bank or trust company shall make any loan or discount on the security of the shares of its own capital stock, nor be the purchaser or holder of any such shares, unless such security or purchase shall be necessary to prevent loss under a debt previously contracted in good faith; and stock […]

28-1-13-9. Repealed

Formerly: Acts 1933, c.40, s.203; Acts 1953, c.71, s.1; Acts 1961, c.232, s.1; Acts 1965, c.356, s.16; Acts 1973, P.L.281, SEC.2. As amended by Acts 1977, P.L.291, SEC.2; P.L.33-1991, SEC.17. Repealed by P.L.42-1993, SEC.103.