The notes:(1) must mature in not more than two (2) years; and(2) may be renewed for periods of not more than two (2) years.(b) The borrowing may be by direct negotiation with any of the following:(1) A bank or savings association licensed to do business in Indiana.(2) An agent of the state or federal government.[Pre-1995 Recodification Citation: 13-3-3-70.]As added by P.L.1-1995, SEC.26.
Indiana Legal Code