Indiana § 20-42-2-15 Receipts for payment of principal or interest on loan

Indiana Statutes

§ 20-42-2-15 — Receipts for payment of principal or interest on loan

Indiana § 20-42-2-15

Title 20EDUCATION

Art. 42FIDUCIARY FUNDS AND ACCOUNTS

Ch. 2County Administration of Congressional Township

This text of Indiana § 20-42-2-15 (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 § 20-42-2-15 (2026).

Text

All payments of principal or interest must be paid to the county treasurer. The:

(1)treasurer shall file a receipt with the county auditor; and

(2)auditor shall give the payor a receipt and record the payment. 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 part.]

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All payments of principal or interest must be
paid to the county treasurer. The:
(1) treasurer shall file a receipt with the county auditor; and
(2) auditor shall give the payor a receipt and record the payment.
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 part.]