Indiana Statutes
§ 20-47-3-17 — Lessor corporation; sale of bonds and securities; mortgage bonds
Indiana·Title 20 EDUCATION·Art. 47 RELATED ENTITIES; HOLDING COMPANIES;·Ch. 3 Private Holding Companies
(a)A corporation qualifying as a lessor
corporation under this chapter may issue and sell bonds and other
securities. Mortgage bonds issued by a lessor corporation that are a first
lien on the leased property are legal and proper investments for state
banks and trust companies, insurance companies, and fiduciaries.
(b)Bonds and other securities issued by a lessor corporation under
this section need not be sold under IC 5-1-11, and approval of the
securities commissioner is not required in connection with the issuance
and sale of the bonds.
[Pre-2006 Recodification Citation: 21-5-12-12.]
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Legislative History
As added by P.L.2-2006, SEC.170.
Nearby Sections
15
§ 20-17-1-1
"Prior law"§ 20-17-1-2
Purpose of recodification§ 20-17-1-3
Statutory construction of recodification§ 20-17-1-4
Effect of recodification§ 20-17-1-5
Recodification of prior law§ 20-17-1-6
References to repealed statutes§ 20-17-1-7
References to citations§ 20-17-1-8
References to prior rules§ 20-17-1-9
References to prior law§ 20-17-2-1
"Prior law"§ 20-17-2-2
Purpose of recodification§ 20-17-2-3
Statutory construction of recodification§ 20-17-2-4
Effect of recodification§ 20-17-2-5
Recodification of prior law§ 20-17-2-6
References to repealed statutes