Indiana Statutes
§ 5-28-29-27 — Reserve fund; corporation pledges
Indiana § 5-28-29-27
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 28INDIANA ECONOMIC DEVELOPMENT
Ch. 29Capital Access Program
This text of Indiana § 5-28-29-27 (Reserve fund; corporation pledges) 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 § 5-28-29-27 (2026).
Text
The corporation shall pledge the following to the lender:
(1)The money in the reserve fund will be available to pay claims
under section 29 of this chapter.
(2)The lender will have a first security interest in the money in
the reserve fund to pay the claims.
(3)The corporation will not encumber or pledge the money to any
other party.
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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Repealed§ 5-1-10-1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" definedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 5-28-29-27, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-28-29-27.