Indiana § 5-1.3-6-18 Bonds and notes; purchasing; holding; canceling; reselling

Indiana Statutes

§ 5-1.3-6-18 — Bonds and notes; purchasing; holding; canceling; reselling

Indiana § 5-1.3-6-18

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.3LEASE FINANCING FOR RAIL PROJECTS FOR

Ch. 6Bonds and Notes

This text of Indiana § 5-1.3-6-18 (Bonds and notes; purchasing; holding; canceling; reselling) 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 § 5-1.3-6-18 (2026).

Text

(a)The IFA may purchase bonds or notes of the IFA or the NWIRDA out of its funds or money available for the purchase of its own bonds or notes. The IFA may hold, cancel, or resell the bonds or notes subject to, and in accordance with, agreements with owners of its bonds or notes. Unless canceled, bonds or notes so held shall be considered to be held for resale or transfer and the obligation evidenced by the bonds or notes shall not be considered to be extinguished.

(b)The NWIRDA may purchase bonds or notes of the IFA or the NWIRDA out of its funds or money available for the purchase of its own bonds or notes. The NWIRDA may hold, cancel, or resell the bonds or notes subject to, and in accordance with, agreements with owners of its bonds or notes. Unless canceled, bonds or notes so held s

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(a) The IFA may purchase bonds or notes of
the IFA or the NWIRDA out of its funds or money available for the
purchase of its own bonds or notes. The IFA may hold, cancel, or resell
the bonds or notes subject to, and in accordance with, agreements with
owners of its bonds or notes. Unless canceled, bonds or notes so held
shall be considered to be held for resale or transfer and the obligation
evidenced by the bonds or notes shall not be considered to be
extinguished.
(b) The NWIRDA may purchase bonds or notes of the IFA or the
NWIRDA out of its funds or money available for the purchase of its
own bonds or notes. The NWIRDA may hold, cancel, or resell the
bonds or notes subject to, and in accordance with, agreements with
owners of its bonds or notes. Unless canceled, bonds or notes so held
shall be considered to be held for resale or transfer and the obligation
evidenced by the bonds or notes shall not be considered to be
extinguished.