Indiana Statutes

§ 20-42-1-15 — Receipts for payment of principal or interest on loan

Indiana·Title 20 EDUCATION·Art. 42 FIDUCIARY FUNDS AND ACCOUNTS·Ch. 1 Administration of Common School Fund by County
(a)All payments of principal or interest must be paid to the county treasurer. The:
(1)county treasurer shall file a receipt with the county auditor; and
(2)county auditor shall give the payor a receipt and record the payment.
(b)The county auditor may accept payment of principal or interest if the county auditor can immediately transmit and pay the payment to the county treasurer. [Pre-2006 Recodification Citation: 21-1-7-13.]

Free access — add to your briefcase to read the full text and ask questions with AI

Indiana § 20-42-1-15 (Receipts for payment of principal or interest on loan) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.2-2006, SEC.165.

Nearby Sections

15
View on official source ↗