Indiana Statutes
§ 14-27-5-7 — Court approval of loan
Indiana § 14-27-5-7
This text of Indiana § 14-27-5-7 (Court approval of loan) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 14-27-5-7 (2026).
Text
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Repealed§ 14-10-2-2.5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Repealed§ 14-10-2-4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 violationCite This Page — Counsel Stack
Bluebook (online)
Indiana § 14-27-5-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/14-27-5-7.