Indiana Code 28-6.1-6-4. Borrowing money
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Sec. 4. A savings bank may borrow money and do the following:
(2) Mortgage, pledge, or hypothecate any of its assets to secure the repayment of that money.
(1) Issue notes, bonds, or debentures to evidence that borrowing.
Terms Used In Indiana Code 28-6.1-6-4
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
As added by P.L.42-1993, SEC.72.