Indiana Statutes

§ 8-1-13-15 — Purchase; own obligations

Indiana § 8-1-13-15
JurisdictionIndiana
Art. 1UTILITIES GENERALLY
Ch. 13Rural Electric Membership Corporation Act

This text of Indiana § 8-1-13-15 (Purchase; own obligations) 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 § 8-1-13-15 (2026).

Text

A corporation may, out of any funds available for that purpose, purchase any obligations issued by it at a price determined by resolution of the board together with accrued interest on the obligations. All obligations purchased in that manner shall be cancelled. Formerly: Acts 1935, c.175, s.15. As amended by P.L.109-1989, SEC.3.

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Indiana § 8-1-13-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-1-13-15.