Sec. 2. (a) Whenever any existing
statute requires the manual execution, attesting or authentication of any
obligation issued by any
public entity named in
IC 5-1-1-1 by one (1) or more officials or persons, facsimile signatures or electronic signatures of the officials or persons may be used instead of and with the same force and effect as manually executing the
obligations, including the signature of the officials or persons or of any
trustee, paying agent, registrar, co-registrar, transfer agent, or other
fiduciary charged with authenticating the obligations.
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Terms Used In Indiana Code 5-1-3-2
- electronic signature: has the meaning set forth in IC 26-2-8-102(10);
Indiana Code 5-1-3-1
- Fiduciary: A trustee, executor, or administrator.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- obligations: shall include any bond, note, warrant, or other obligation; and
Indiana Code 5-1-3-1
- public entity: shall include any political subdivision as defined by IC 36-1-2, state commission, state authority, and all other public bodies corporate and politic. See Indiana Code 5-1-3-1
- Statute: A law passed by a legislature.
- Trustee: A person or institution holding and administering property in trust.
(b) Any obligation executed by the facsimile signature or electronic signature of officials or persons is valid and binding, if the officials or persons satisfied the provisions of the statute under which the obligation is issued on the date that the signature was printed on the obligation, even if the obligation is delivered after the official or person whose facsimile signature or electronic signature appears thereon no longer satisfies the provisions of the statute.
Formerly: Acts 1971, P.L.40, SEC.1. As amended by P.L.44-1983, SEC.2; P.L.88-2021, SEC.2.