Indiana Statutes
§ 4-24-2-4 — Pledges of annuity property
Indiana·Art. 24 INSTITUTIONS─GENERAL PROVISIONS·Ch. 2 Gifts; Acceptance and Return of Annuity to Donor
For the purpose of securing the payment of
annuities, the property comprised in the gift may be pledged, by way of
mortgage or otherwise, to the annuitant or annuitants for the full period
of the life of the annuity or annuities, but the property pledged shall be
the sole guarantee and the state shall not be obligated in any manner by
such mortgage or other obligation.
Formerly: Acts 1917, c.20, s.4.
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State agency compliance