Indiana Statutes
§ 28-5-1-21 — Elimination of certificates of indebtedness or certificates of investment, deposits, or savings accounts
Indiana § 28-5-1-21
This text of Indiana § 28-5-1-21 (Elimination of certificates of indebtedness or certificates of investment, deposits, or savings accounts) 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 § 28-5-1-21 (2026).
Text
Companies that do not have any certificates
of indebtedness, certificates of investment, deposits, or savings
accounts outstanding shall not be subject to the provisions of sections
5, 8 through 14, and 18 of this chapter. After February 27, 1951, no
company engaged in business on February 27, 1951, under this chapter
as permitted by this section, and no company authorized after February
27, 1951, to engage in business under this chapter, shall at any time
thereafter be empowered and authorized to issue, negotiate, or sell, or
shall issue, negotiate, or sell certificates of investment or indebtedness.
These restrictions shall not limit the power of such corporations
otherwise to borrow money commercially or to issue and sell their
capital stock.
Formerly: Acts 1935, c.181, s.20a; Acts 1951
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Nearby Sections
15
§ 28-1-1-1
Short title§ 28-1-1-2
Application of article§ 28-1-1-3
Definitions§ 28-1-1-3.5
Affiliate relationship§ 28-1-1-3.7
"Emancipated youth"§ 28-1-1-3.9
"Foster youth"§ 28-1-1-4
"Fund"§ 28-1-1-5
References to savings associations§ 28-1-1-6
"Depository financial institution"§ 28-1-1-7
"Qualified youth"§ 28-1-11-11
Safe deposits and escrowsCite This Page — Counsel Stack
Bluebook (online)
Indiana § 28-5-1-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-5-1-21.