Indiana Statutes
§ 14-27-5-7 — Court approval of loan
If at the hearing the court finds that:
(1)the loan as proposed in the petition is necessary for the
accomplishment of the purposes set forth in this chapter; and
(2)the terms and conditions are reasonable and probably are as
beneficial to accomplish the purposes as would be obtainable in
private competitive financial markets;
the court shall approve the petition and authorize the board of directors
to enter into the loan agreement.
[Pre-1995 Recodification Citation: 13-2-29-1(b)
part.]
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Legislative History
As added by P.L.1-1995, SEC.20.
Nearby Sections
15
§ 14-10-1-1
Establishment and members of commission§ 14-10-1-2
Filling of vacancies of ex officio members§ 14-10-1-3
Citizen members§ 14-10-1-4
Per diem compensation and traveling expenses§ 14-10-1-5
Officers§ 14-10-1-6
Quorum§ 14-10-1-7
Meetings§ 14-10-2-1
Powers of commission§ 14-10-2-2
Repealed§ 14-10-2-2.5
Consolidated proceedings§ 14-10-2-3
Repealed§ 14-10-2-4
Adoption of rules§ 14-10-2-5
Rules§ 14-10-2-6
Notices of violation