Indiana Statutes
§ 5-28-23-2 — Debts of business modernization and technology corporation
Indiana § 5-28-23-2
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 28INDIANA ECONOMIC DEVELOPMENT
Ch. 23Business Modernization and Technology
This text of Indiana § 5-28-23-2 (Debts of business modernization and technology corporation) 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 § 5-28-23-2 (2026).
Text
Debts incurred by the business modernization
and technology corporation under authority of IC 4-3-1 (before its
repeal) do not represent or constitute a debt of the state within the
meaning of the Constitution of the State of Indiana or Indiana statutes.
The corporation may not incur debt under this chapter. However, the
corporation shall assume the debt of the business modernization and
technology corporation that is outstanding on the date the business
modernization and technology corporation is abolished.
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Legislative History
As added by P.L.4-2005, SEC.34.
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Repealed§ 5-1-10-1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 § 5-28-23-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-28-23-2.