Indiana Statutes
§ 30-2-7-4 — Value of security credited upon claims
Dividends paid to secured creditors shall be
computed only upon the balance due after the value of all security not
exempt from the claims of unsecured creditors and not released or
surrendered to the liquidator, is determined and credited upon the claim
secured by it.
Formerly: Acts 1941, c.50, s.4.
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Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
Definitions