Indiana § 5-1-15-3 Delivery; registrar or paying agent; deposit; certificates

Indiana Statutes

§ 5-1-15-3 — Delivery; registrar or paying agent; deposit; certificates

Indiana § 5-1-15-3

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1BONDS AND OTHER OBLIGATIONS

Ch. 15Fully Registered and Book Entry Obligations

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Bluebook

Ind. Code § 5-1-15-3 (2026).

Text

(a)Bonds, notes, evidences of indebtedness, or other written obligations issued in book entry form shall:

(1)not be delivered to the owners thereof; and

(2)have a registrar or paying agent that may be:

(A)the issuing entity;

(B)a bank or trust company; or

(C)a securities depository corporation.

(b)In connection with issuance in book entry form, the following may be done:

(1)A written instrument may be deposited with the registrar or paying agent.

(2)Participation certificates or certificates of beneficial interest may be issued to the owner by the issuing entity, registrar, or paying agent.

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(a) Bonds, notes, evidences of indebtedness, or
other written obligations issued in book entry form shall:
(1) not be delivered to the owners thereof; and
(2) have a registrar or paying agent that may be:
(A) the issuing entity;
(B) a bank or trust company; or
(C) a securities depository corporation.
(b) In connection with issuance in book entry form, the following
may be done:
(1) A written instrument may be deposited with the registrar or
paying agent.
(2) Participation certificates or certificates of beneficial interest
may be issued to the owner by the issuing entity, registrar, or
paying agent.