Indiana Statutes
§ 5-28-29-16 — Corporation has no legal or equitable interest; consent of corporation unnecessary to amend documents
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 28 INDIANA ECONOMIC DEVELOPMENT·Ch. 29 Capital Access Program
Except upon the exercise of the corporation's
right of subrogation under section 32 of this chapter, the corporation
has no legal or equitable interest in any collateral, security, or other
right of recovery in connection with any loan enrolled in the program,
and the corporation's consent is not necessary for any amendment to the
lender's loan documents.
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Indiana § 5-28-29-16 (Corporation has no legal or equitable interest; consent of corporation unnecessary to amend documents) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.162-2007, SEC.24.
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Repealed§ 5-1-10-1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" defined