# Ind. Code § 5-1.2-4-2: Prohibited activities

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-2

## Section

- **Citation:** Ind. Code § 5-1.2-4-2
- **Heading:** Prohibited activities
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 5 / Article 1.2 / Chapter 4 / Section 5-1.2-4-2

## Text

Sec. 2. The authority:

(1) may not deal in securities within the meaning of or subject to any securities law, securities exchange law, or securities dealers law of the United States or of the state of Indiana or of any other state or jurisdiction, domestic or foreign, except as authorized in the referenced statutes;

(2) may not:

(A) emit bills of credit;

(B) accept deposits of money for time or demand deposit;

(C) administer trusts;

(D) engage in any form or manner, or in the conduct of, any private or commercial banking business; or

(E) act as a savings bank, savings association, or any other kind of financial institution; and

(3) may not engage in any form of private or commercial banking business.

As added by P.L.189-2018, SEC.25.

## Nearby sections

- [Ind. Code § 5-1.2-4-1 Powers of Indiana finance authority](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-1.md)
- [Ind. Code § 5-1.2-4-2 Prohibited activities](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-2.md)
- [Ind. Code § 5-1.2-4-3 Issuance of bonds or notes; failure to pay obligations](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-3.md)
- [Ind. Code § 5-1.2-4-4 Additional authority powers; capital improvements; northwest Indiana regional development authority; motorsports investment district; local innovation development district](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-4.md)
- [Ind. Code § 5-1.2-4-5 Requirements; establishment of terms governing reserves or funding levels](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-5.md)
- [Ind. Code § 5-1.2-4-6 Power to borrow money and issue bonds](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-6.md)
- [Ind. Code § 5-1.2-4-7 Bonds; liability of authority; pledges as additional security](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-7.md)
- [Ind. Code § 5-1.2-4-8 Bonds; liability of state](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-8.md)
- [Ind. Code § 5-1.2-4-9 Bonds; issuance; procedure; terms](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-9.md)
- [Ind. Code § 5-1.2-4-10 Bonds; authorized provisions](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-10.md)
- [Ind. Code § 5-1.2-4-11 Bonds; issue to renew or pay bonds; refund](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-11.md)
- [Ind. Code § 5-1.2-4-12 Pledges](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-12.md)
- [Ind. Code § 5-1.2-4-13 Bonds; purchase by authority](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-13.md)
- [Ind. Code § 5-1.2-4-14 Bonds; trust agreement or indenture](https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T5_A1.2_C4_S5-1.2-4-2. Check the current official text before relying on it. Not legal advice.