Sec. 1. The limitations imposed by this chapter do not apply to the following:

(1) Direct or indirect obligations of the United States.

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Terms Used In Indiana Code 28-6.1-10-1

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
(2) Direct obligations of a United States territory or insular possession.

(3) Direct obligations of the state or a municipal corporation or taxing district in Indiana.

As added by P.L.42-1993, SEC.72.