Indiana Code 30-2-7-4. Value of security credited upon claims
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Terms Used In Indiana Code 30-2-7-4
- Liquidator: means any person administering assets in any liquidation proceeding as defined in this chapter. See Indiana Code 30-2-7-1
Sec. 4. Dividends paid to secured creditors shall be computed only upon the balance due after the value of all security not exempt from the claims of unsecured creditors and not released or surrendered to the liquidator, is determined and credited upon the claim secured by it.
Formerly: Acts 1941, c.50, s.4.