(2) Accounts receivable.(3) A security interest in capital equipment for which the proceeds of the loan is used.(4) Other security, including the excess of unobligated revenues over operating expenses.(b) The term of a loan may not exceed thirty-five (35) years.[Pre-1993 Recodification Citation: 16-12.1-4-7.]As added by P.L.2-1993, SEC.5.
Indiana Legal Code