Indiana Statutes
§ 21-30-2-4 — Security of payment of annuities
Indiana·Title 21 HIGHER EDUCATION·Art. 30 STATE EDUCATIONAL INSTITUTIONS:·Ch. 2 Gift Annuities; Restrictions on Gifts; Gifts for a
To secure the payment of annuities, the
property comprised in the gift may be pledged, by way of mortgage or
otherwise, to the annuitant or annuitants for the full period of the life
of the annuity or annuities. The property pledged is the sole guarantee
and the state shall not be obligated by the mortgage or other obligation.
[Pre-2007 Higher Education Recodification Citation:
4-24-2-4.]
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Legislative History
As added by P.L.2-2007, SEC.271.
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