Indiana Code 5-1-7-5. “Bond owner” or “bondholder” defined
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code 5-1-7-5
- bond: as used in this chapter shall mean and include any bond issued by and which is an obligation of the county in its civil capacity; and any so-called county unit road bond which has been issued by the board of commissioners and is an obligation of the taxing district which is coterminous with the county; and any so-called gravel road bond which has been issued by the board of commissioners and is an obligation of the taxing district which is coterminous with any civil township. See Indiana Code 5-1-7-7
- Contract: A legal written agreement that becomes binding when signed.
- Executor: A male person named in a will to carry out the decedent
- Trustee: A person or institution holding and administering property in trust.
Sec. 5. The term “bond owner” or “bondholder” shall be construed to mean the person who owns the bond at the time of the execution of such contract and the provisions of such contract shall inure to and be binding upon any subsequent grantee, executor, administrator, heir, devisee, trustee, receiver or assign of such matured and/or redemption bond owner or bondholder.
[Pre-Local Government Recodification Citation: 17-3-82-5.]
As added by Acts 1980, P.L.8, SEC.12.