Indiana Statutes

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

Indiana § 20-42-1-15
JurisdictionIndiana
Title 20EDUCATION
Art. 42FIDUCIARY FUNDS AND ACCOUNTS
Ch. 1Administration of Common School Fund by County

This text of Indiana § 20-42-1-15 (Receipts for payment of principal or interest on 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 § 20-42-1-15 (2026).

Text

(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.]

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Legislative History

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

Nearby Sections

15
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Bluebook (online)
Indiana § 20-42-1-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/20-42-1-15.