Sec. 1. In order to: (1) carry out its purpose under this article by purchasing securities of qualified entities and by receipt of its income from service charges and from payments of interest on and the maturing principal of securities purchased and held by it; and (2) produce revenues or income to the bank sufficient […]
Sec. 2. If the bank: (1) defaults in the payment of principal or interest on an issue of notes or bonds after they become due, whether at maturity or upon call for redemption; or (2) fails or refuses to comply with this article or defaults in an agreement made with the holders of an issue […]
Sec. 3. (a) A trustee appointed under section 2 of this chapter shall, in the trustee’s name, upon written request of the holders of twenty-five percent (25%) in principal amount of the outstanding notes or bonds: (1) by civil action enforce all rights of the holders, including the right to require the bank to: (A) […]
