Indiana Code 5-1-17-20. Bonds; legal investments
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code 5-1-17-20
- bonds: means bonds, notes, commercial paper, or other evidences of indebtedness. See Indiana Code 5-1-17-3
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Sec. 20. Bonds issued under this chapter are legal investments for private trust funds and the funds of banks, trust companies, insurance companies, building and loan associations, credit unions, banks of discount and deposit, savings banks, loan and trust and safe deposit companies, rural loan and savings associations, guaranty loan and savings associations, mortgage guaranty companies, small loan companies, industrial loan and investment companies, and other financial institutions organized under Indiana law.
As added by P.L.214-2005, SEC.6.