§ 28-1-9-12

After the authorization of the dissolution of such corporation, the board of directors is hereby authorized to borrow money and to secure the payment thereof, in the same manner and to the extent that a receiver may borrow money and secure the payment thereof when any financial institution is in involuntary liquidation, as provided in IC 28-1-3.1-6.Formerly: Acts 1933, c.40, s.153. As amended by P.L.263-1985, SEC.46.