Sec. 1. (a) Obligations issued by or for the Inter-American
Development Bank or the African Development Bank are declared
to be eligible investments for all funds authorized by law to be
invested by any and all of the following:
(1) Any financial institution (as defined in IC 28-1-1-3).
(2) Individual or corporate fiduciaries.
(3) Fraternal beneficiary societies (as defined in IC 27-11-1-11).
(b) Nothing in this section may be construed to change any
limitations as to amounts which may be invested in obligations of
any one (1) obligor as may be imposed by laws regulating the
investments of the various financial institutions, industrial loan and
investment companies, and trust funds.
(Formerly: Acts 1963(ss), c.14, s.1.) As amended by Acts 1982,
P.L.171, SEC.87; P.L.49-1988, SEC.3.

Last modified: May 27, 2006