Indiana § 5-1.5-9-2 Property of bank exempt from levy and sale; judgment against bank not
charge or lien on property; rights of holders of bonds or notes

Indiana Statutes

§ 5-1.5-9-2 — Property of bank exempt from levy and sale; judgment against bank not charge or lien on property; rights of holders of bonds or notes

Indiana § 5-1.5-9-2

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.5INDIANA BOND BANK

Ch. 9Miscellaneous Provisions

This text of Indiana § 5-1.5-9-2 (Property of bank exempt from levy and sale; judgment against bank not charge or lien on property; rights of holders of bonds or notes) 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 § 5-1.5-9-2 (2026).

Text

All property of the bank is exempt from levy
and sale by virtue of an execution and no execution or other judicial
process may issue against the property. A judgment against the bank
may not be a charge or lien upon its property. However, nothing in this
section applies to or limits the rights of the holder of bonds or notes to
pursue a remedy for the enforcement of a pledge or lien given by the
bank on its revenues or other money.

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All property of the bank is exempt from levy
and sale by virtue of an execution and no execution or other judicial
process may issue against the property. A judgment against the bank
may not be a charge or lien upon its property. However, nothing in this
section applies to or limits the rights of the holder of bonds or notes to
pursue a remedy for the enforcement of a pledge or lien given by the
bank on its revenues or other money.