Indiana Statutes

§ 27-9-3-24 — Extension of unsecured credit by preferred creditor

Indiana § 27-9-3-24
JurisdictionIndiana
Title 27INSURANCE
Art. 9SUPERVISION; REHABILITATION;
Ch. 3Formal Proceedings

This text of Indiana § 27-9-3-24 (Extension of unsecured credit by preferred creditor) 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 § 27-9-3-24 (2026).

Text

If a creditor has been preferred, and afterward in good faith gives the insurer further credit without security of any kind for property that becomes a part of the insurer's estate, the amount of the new credit remaining unpaid at the time of the petition may be set off against the preference that would otherwise be recoverable from him. As added by Acts 1979, P.L.255, SEC.1.

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Bluebook (online)
Indiana § 27-9-3-24, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/27-9-3-24.