Indiana Code 15-12-2-2. State official; trust assets of the rural rehabilitation corporation
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Indiana Code 15-12-2-2
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- director: means the director of the Indiana state department of agriculture. See Indiana Code 15-12-2-1
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
- Trustee: A person or institution holding and administering property in trust.
- 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
Sec. 2. The director is designated as the state official to make application to and receive from the United States Secretary of Agriculture, or any other proper federal official, under and subject to Public Law 499, 81st Congress, approved May 3, 1950, the trust assets, either funds or property, held by the United States as trustee on behalf of the Indiana rural rehabilitation corporation.
[Pre-2008 Recodification Citation: 15-7-2-1 part.]
As added by P.L.2-2008, SEC.3.