Indiana Statutes
§ 28-7-2.5-7 — Loans in aid of operation or reorganization; security
Indiana § 28-7-2.5-7
This text of Indiana § 28-7-2.5-7 (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 § 28-7-2.5-7 (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
credit union. 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, the assets of the credit union.
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Legislative History
As added by P.L.10-2006, SEC.37 and P.L.57-2006,
SEC.37.
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 § 28-7-2.5-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/28-7-2.5-7.