Indiana Statutes
§ 5-20-1-10 — Pledge of authority assets to obligations of the authority
Indiana § 5-20-1-10
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 20HOUSING
Ch. 1Indiana Housing and Community Development Authority
This text of Indiana § 5-20-1-10 (Pledge of authority assets to obligations of the authority) 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 § 5-20-1-10 (2026).
Text
Pledge of Authority Assets to Obligations of
the Authority. The pledge of any assets or revenues of the authority to
the payment of the principal of, premium, if any, and interest on any
obligations of the authority shall be valid and binding from the time
when the pledge is made, and any such assets or revenues shall
immediately be subject to the lien of such pledge without any physical
delivery thereof or further act. The lien of any such pledge shall be
valid and binding as against all parties having claims of any kind in
tort, contract or otherwise against the authority, irrespective of whether
such parties have notice thereof.
As added by Acts 1978, P.L.28, SEC.1.
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Related
Steup v. Indiana Housing Finance Authority
402 N.E.2d 1215 (Indiana Supreme Court, 1980)
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Repealed§ 5-1-10-1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 § 5-20-1-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-20-1-10.