Indiana Statutes
§ 8-14.5-6-15 — Pledges
Indiana § 8-14.5-6-15
This text of Indiana § 8-14.5-6-15 (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 § 8-14.5-6-15 (2026).
Text
A pledge of lease rentals, proceeds of bonds
or notes, investment earnings on those proceeds, or other money
pledged by the authority is binding from the time the pledge is made.
Lease rentals, proceeds of bonds or notes, investment earnings on those
proceeds, or other money pledged by the authority and thereafter
received by the authority or its trustee or fiduciary is immediately
subject to the lien of the pledge without any further act, and the lien of
the pledge is binding against all parties having claims of any kind in
tort, contract, or otherwise against the authority, regardless of whether
the parties have notice of the lien. A resolution, trust agreement, or any
other instrument by which a pledge is created is required to be filed or
recorded only in the records of the authority.
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Legislative History
As added by P.L.68-1988, SEC.12.
Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-14.5-6-15, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-14.5-6-15.