Indiana Statutes
§ 4-11-1-5 — Substitutions; diminishing security
The laws limiting the amount to be loaned by the
officers having charge of the funds shall not prevent substitutions, but
the substitutions may be made by the borrower, or any third person by
the person's consent where the officer having control of the fund
believes the interest of the fund will not suffer. The mortgaged security
shall, in no case, be diminished, but may be increased, if considered
insufficient.
Formerly: Acts 1855, c.54, s.5. As amended by P.L.215-2016,
SEC.71.
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Nearby Sections
15
§ 4-1-1-1
Dates beginning and ending§ 4-1-1-2
Reports to governor§ 4-1-10-1
Applicability§ 4-1-10-1.5
"Person"§ 4-1-10-11
Attorney general investigation of disclosures; notice to county
prosecutor and state police§ 4-1-10-12
Attorney general determination of infraction; report to appointing
authority and county prosecutor§ 4-1-10-13
Attorney general rulemaking authority§ 4-1-10-2
"State agency"§ 4-1-10-3
Nondisclosure of Social Security number§ 4-1-10-6
State agency compliance