Indiana § 6-3-1-42 - "Qualifying investment securities"
Full text of Indiana Indiana Code § 6-3-1-42 — "Qualifying investment securities", with citation guidance and answers to common questions.
§ 6-3-1-42. "Qualifying investment securities"
Sec. 42. The term "qualifying investment securities" means the following:
(1) Common stock, including preferred or debt securities convertible into common stock, and preferred stock.
(2) Bonds, debentures, and other debt securities.
(3) Foreign and domestic currency deposits secured by federal, state, or local governmental agencies.
(4) Mortgage or asset-backed securities secured by federal, state, or local governmental agencies.
(5) Repurchase agreements and loan participations.
(6) Foreign currency exchange contracts and forward and futures contracts on foreign currencies.
(7) Stock and bond index securities and futures contracts and other similar financial securities and futures contracts on those securities.
(8) Options for the purchase or sale of any of the securities, currencies, contracts, or financial instruments described in subdivisions (1) through (7).
(9) Regulated futures contracts.
(10) Commodities (not described in Section 1221(a)(1) of the Internal Revenue Code) or futures, forwards, and options with respect to such commodities, provided, however, that any item of a physical commodity to which title is actually acquired in the partnership's capacity as a dealer in such commodity shall not be a qualifying investment security.
(11) Derivatives.
(12) A partnership interest in another partnership that is an investment partnership.
(13) A partnership interest that, in the hands of the partnership, qualifies as a security within the meaning of 15 U.S.C. 77b(a)(1).
As added by P.L.230-2025, SEC.67.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 6-3-1-42
What does Indiana Code § 6-3-1-42 cover?
Section 6-3-1-42 (""Qualifying investment securities"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 6-3-1-42?
A common citation format is "Indiana Code § 6-3-1-42" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 6-3-1-42 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.