Indiana Const. art. 11, § 12

Indiana Constitution

Article 11, § 12

Indiana Const. art. 11, § 12 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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CitationIndiana Const. art. 11, § 12

Bluebook

Ind. Const. art. 11, § 12.

Full Text

The State shall not be a stockholder in any bank; nor shall the credit of the State ever be given, or loaned, in aid of any person, association or corporation; nor shall the State become a stockholder in any corporation or association.However, the General Assembly may by law, with limitations and regulations, provide that prohibitions in this section do not apply to a public employee retirement fund.

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The State shall not be a stockholder in any bank; nor shall the credit of the State ever be given, or loaned, in aid of any person, association or corporation; nor shall the State become a stockholder in any corporation or association.However, the General Assembly may by law, with limitations and regulations, provide that prohibitions in this section do not apply to a public employee retirement fund.

History

As Amended November 5, 1996