Indiana Code 8-1-11.1-25. Revenue obligations; eligible investments; deposit of securities
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Terms Used In Indiana Code 8-1-11.1-25
- revenue obligations: shall mean any obligations, including bonds, notes, temporary, interim or permanent certificates of indebtedness, debentures or other obligations payable out of the income and revenues derived from utility property. See Indiana Code 8-1-11.1-19
- Trustee: A person or institution holding and administering property in trust.
Sec. 25. Any revenue obligations issued pursuant to the provisions of this chapter shall be eligible investments for the funds of any kind or character of every financial institution, insurance company or private trust, and such obligations shall be eligible for deposit by any financial institution, insurance company or trustee under any law of this state providing for the deposit of securities or funds.
[Pre-Local Government Recodification Citation: 19-3-24-25.]
As added by Acts 1981, P.L.11, SEC.43.