Indiana § 8-15-1-3 Construction of act

Indiana Statutes

§ 8-15-1-3 — Construction of act

Indiana § 8-15-1-3

Art. 15TOLL ROADS

Ch. 1Authorization to Purchase Toll Road Bonds

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Bluebook

Ind. Code § 8-15-1-3 (2026).

Text

This chapter shall be liberally construed to
effectuate the purpose of permitting investment in any such toll road
bonds of this state and shall be construed as giving additional power
and authority to every financial institution, insurance company, and
trust fund to make such investments and for such investments to be
eligible for deposit under law of this state, restrictions in statutes to the
contrary notwithstanding; provided, however, that nothing contained
in this chapter shall be construed to change any limitations as to
amounts which may be invested in obligations of any one obligor as
may be imposed by laws regulating the investments of various financial
institutions, insurance companies, and trust funds.
Formerly: Acts 1953, c.131, s.3. As amended by P.L.66-1984,
SEC.56.

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This chapter shall be liberally construed to
effectuate the purpose of permitting investment in any such toll road
bonds of this state and shall be construed as giving additional power
and authority to every financial institution, insurance company, and
trust fund to make such investments and for such investments to be
eligible for deposit under law of this state, restrictions in statutes to the
contrary notwithstanding; provided, however, that nothing contained
in this chapter shall be construed to change any limitations as to
amounts which may be invested in obligations of any one obligor as
may be imposed by laws regulating the investments of various financial
institutions, insurance companies, and trust funds.
Formerly: Acts 1953, c.131, s.3. As amended by P.L.66-1984,
SEC.56.