Indiana § 5-1.5-4-9 Purchase of bonds or notes of bank; disposition; bonds or notes held
considered held for resale or transfer

Indiana Statutes

§ 5-1.5-4-9 — Purchase of bonds or notes of bank; disposition; bonds or notes held considered held for resale or transfer

Indiana § 5-1.5-4-9

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.5INDIANA BOND BANK

Ch. 4Issuance of Obligations

This text of Indiana § 5-1.5-4-9 (Purchase of bonds or notes of bank; disposition; bonds or notes held considered held for resale or transfer) 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 § 5-1.5-4-9 (2026).

Text

The bank may purchase bonds or notes of the
bank out of its funds or money available for the purchase of its own
bonds and notes. The bank may hold, cancel, or resell the bonds or
notes subject to, and in accordance with, agreements with holders of its
bonds or notes. Unless cancelled, bonds or notes so held shall be
deemed to be held for resale or transfer and the obligation evidenced
by the bonds or notes shall not be deemed to be extinguished.

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The bank may purchase bonds or notes of the
bank out of its funds or money available for the purchase of its own
bonds and notes. The bank may hold, cancel, or resell the bonds or
notes subject to, and in accordance with, agreements with holders of its
bonds or notes. Unless cancelled, bonds or notes so held shall be
deemed to be held for resale or transfer and the obligation evidenced
by the bonds or notes shall not be deemed to be extinguished.