Indiana Statutes
§ 8-16-15.5-13 — Pledges of proceeds, investment earnings, or other money
Indiana § 8-16-15.5-13
This text of Indiana § 8-16-15.5-13 (Pledges of proceeds, investment earnings, or other money) 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 § 8-16-15.5-13 (2026).
Text
A pledge of proceeds of bonds or notes,
investment earnings on those proceeds, or other money pledged by the
bridge authority is binding from the time the pledge is made. Proceeds
of bonds or notes, investment earnings on those proceeds, or other
money pledged by the bridge authority and then received by the bridge
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 bridge authority, regardless of whether the parties
have notice of the lien. A resolution, trust agreement, or any other
instrument that creates a pledge is required to be filed or recorded only
in the records of the bridge authority.
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Legislative History
As added by P.L.185-2018, SEC.27.
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Repealed§ 8-1-1-13
Repealed§ 8-1-1-14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Repealed§ 8-1-1-4.1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 § 8-16-15.5-13, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-16-15.5-13.