Indiana § 28-14-7.5-7 Loans in aid of operation or reorganization; security

Indiana Statutes

§ 28-14-7.5-7 — Loans in aid of operation or reorganization; security

Indiana § 28-14-7.5-7

Art. 14CORPORATE FIDUCIARIES

Ch. 7.5Conservatorship of Corporate Fiduciaries

This text of Indiana § 28-14-7.5-7 (Loans in aid of operation or reorganization; security) 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 § 28-14-7.5-7 (2026).

Text

With the prior approval of the department, a conservator appointed under this chapter may borrow money as necessary or expedient to aid in the operation or reorganization of the corporate fiduciary. Any loan obtained by the conservator under this section may be secured by the pledge or mortgage of, or through a lien upon or security interest in, any assets:

(1)belonging to the corporate fiduciary; and

(2)not held in trust for the benefit of another person.

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With the prior approval of the department, a
conservator appointed under this chapter may borrow money as
necessary or expedient to aid in the operation or reorganization of the
corporate fiduciary. Any loan obtained by the conservator under this
section may be secured by the pledge or mortgage of, or through a lien
upon or security interest in, any assets:
(1) belonging to the corporate fiduciary; and
(2) not held in trust for the benefit of another person.