Indiana § 8-14.5-6-18 Service agreements with financial institutions

Indiana Statutes

§ 8-14.5-6-18 — Service agreements with financial institutions

Indiana § 8-14.5-6-18

Art. 14.5LEASE FINANCING FOR TRANSPORTATION

Ch. 6Issuance of Bonds and Notes

This text of Indiana § 8-14.5-6-18 (Service agreements with financial institutions) 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 § 8-14.5-6-18 (2026).

Text

The authority may enter into agreements or contracts with any financial institution as may be necessary, desirable, or convenient in the opinion of the authority for rendering services in connection with:

(1)the care, custody, or safekeeping of securities or other investments held or owned by the authority;

(2)the payment or collection of amounts payable as to principal or interest; and

(3)the delivery to the authority of securities or other investments purchased or sold by it. The authority may also, in connection with any of the services rendered by a financial institution as to custody and safekeeping of its securities or investments, require security in the form of collateral bonds, surety agreements, or security agreements as, in the opinion of the authority, is necessary or desira

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The authority may enter into agreements or
contracts with any financial institution as may be necessary, desirable,
or convenient in the opinion of the authority for rendering services in
connection with:
(1) the care, custody, or safekeeping of securities or other
investments held or owned by the authority;
(2) the payment or collection of amounts payable as to principal
or interest; and
(3) the delivery to the authority of securities or other investments
purchased or sold by it.
The authority may also, in connection with any of the services rendered
by a financial institution as to custody and safekeeping of its securities
or investments, require security in the form of collateral bonds, surety
agreements, or security agreements as, in the opinion of the authority,
is necessary or desirable.