Indiana § 8-1-17.5-21 Issuing of obligations; right to make covenants and agreements

Indiana Statutes

§ 8-1-17.5-21 — Issuing of obligations; right to make covenants and agreements

Indiana § 8-1-17.5-21

Art. 1UTILITIES GENERALLY

Ch. 17.5Merger or Consolidation of Rural Electric

This text of Indiana § 8-1-17.5-21 (Issuing of obligations; right to make covenants and 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 § 8-1-17.5-21 (2026).

Text

In connection with the issuance of any
obligations, a surviving corporation or successor corporation formed
under this chapter may make any covenants or agreements and do any
acts and things that may be necessary, convenient, or desirable in order
to secure the surviving corporation's or successor corporation's
obligations or which, in the absolute discretion of the board, tend to
make the obligations more marketable, notwithstanding that the
covenants, agreements, acts, or things may constitute a limitation on
the exercise of the powers granted by this chapter.

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In connection with the issuance of any
obligations, a surviving corporation or successor corporation formed
under this chapter may make any covenants or agreements and do any
acts and things that may be necessary, convenient, or desirable in order
to secure the surviving corporation's or successor corporation's
obligations or which, in the absolute discretion of the board, tend to
make the obligations more marketable, notwithstanding that the
covenants, agreements, acts, or things may constitute a limitation on
the exercise of the powers granted by this chapter.