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§ 28-2-5-3 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 28 - Financial Institutions/
  5. Article 2 - Banks/
  6. Chapter 5 - Disaster Funds─low Cost Loans28-2-5-1. Proclamation of Disaster Area; Meeting of Board of Public Depository/
  7. § 28-2-5-3
Indiana Legal Code

§ 28-2-5-3

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The treasurer of state shall deposit in any bank in the general area of the disaster an amount of interest-free state money equal to the amount of the loan granted by the lending bank when the bank has provided the treasurer of state with a copy of the loan instrument showing the name of the borrower, amount of loan, rate of interest and terms of loan.Formerly: Acts 1967, c.148, s.3.