Indiana Code 20-42-3-11. Bond
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Terms Used In Indiana Code 20-42-3-11
- fund: refers to a seminary township school fund established under section 5 of this chapter. See Indiana Code 20-42-3-3
- Trustee: A person or institution holding and administering property in trust.
Sec. 11. The bond required by law for the trustee shall be increased by an amount equal to the sum of the fund and the average annual rental income from the seminary lands.
[Pre-2006 Recodification Citation: 21-2-1-3(b).]
As added by P.L.2-2006, SEC.165.