Indiana Statutes
§ 5-13-12-10 — Subordination of valid security agreement, mortgage, combinations thereof, or other appropriate document securing direct obligations
Indiana § 5-13-12-10
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 13INVESTMENT OF PUBLIC FUNDS
Ch. 12Board for Depositories
This text of Indiana § 5-13-12-10 (Subordination of valid security agreement, mortgage, combinations thereof, or other appropriate document securing direct obligations) 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 § 5-13-12-10 (2026).
Text
With regard to direct obligations of the
Indiana finance authority that have been issued in conjunction with an
economic development project undertaken by the authority, including
those obligations that are guaranteed by the board under this chapter or
purchased by the board under section 7(d)(8) of this chapter, the board
may upon the request of the authority permit a subordination of any
valid security agreement, mortgage, combinations thereof, or other
appropriate document securing the direct obligations, if the board in its
discretion determines that the subordination is reasonably necessary to
accomplish the objectives of the economic development project.
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Legislative History
As added by P.L.19-1987, SEC.14. Amended by P.L.11-1990,
SEC.109; P.L.235-2005, SEC.83; P.L.189-2018, SEC.38.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" definedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 5-13-12-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-13-12-10.