Indiana § 8-1-13-14 Obligations; covenants or agreements

Indiana Statutes

§ 8-1-13-14 — Obligations; covenants or agreements

Indiana § 8-1-13-14

Art. 1UTILITIES GENERALLY

Ch. 13Rural Electric Membership Corporation Act

This text of Indiana § 8-1-13-14 (Obligations; covenants or agreements) 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 § 8-1-13-14 (2026).

Text

In connection with the issuance of any
obligations, a corporation may make such covenants or agreements and
do any and all such acts and things as may be necessary or convenient
or desirable in order to secure its obligations or which, in the absolute
discretion of the board tend to make the obligations more marketable,
notwithstanding that such covenants, agreements, acts and things may
constitute a limitation on the exercise of the powers granted under this
chapter.
Formerly: Acts 1935, c.175, s.14. As amended by P.L.136-2018,
SEC.68.

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In connection with the issuance of any
obligations, a corporation may make such covenants or agreements and
do any and all such acts and things as may be necessary or convenient
or desirable in order to secure its obligations or which, in the absolute
discretion of the board tend to make the obligations more marketable,
notwithstanding that such covenants, agreements, acts and things may
constitute a limitation on the exercise of the powers granted under this
chapter.
Formerly: Acts 1935, c.175, s.14. As amended by P.L.136-2018,
SEC.68.