Indiana Statutes

§ 30-2-7-4 — Value of security credited upon claims

Indiana § 30-2-7-4
JurisdictionIndiana
Art. 2GENERAL PROVISIONS
Ch. 7Uniform Act Governing Secured Creditors' Dividends in

This text of Indiana § 30-2-7-4 (Value of security credited upon claims) 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 § 30-2-7-4 (2026).

Text

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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Indiana § 30-2-7-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/30-2-7-4.