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§ 5-1-4-4-9 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 5 - State and Local Administration/
  5. Article 1.4 - Local Public Improvement Bond Banks/
  6. Chapter 4 - Issuance of Obligations5-1.4-4-1. Bonds or Notes; Purposes; General Obligation of Bank; Additional Security/
  7. § 5-1-4-4-9
Indiana Legal Code

§ 5-1-4-4-9

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The bank may hold, cancel, or resell the bonds or notes subject to, and in accordance with, agreements with holders of its bonds or notes. Unless cancelled, bonds or notes so held shall be deemed to be held for resale or transfer and the obligation evidenced by the bonds or notes shall not be deemed to be extinguished.As added by P.L.42-1985, SEC.1. Amended by P.L.29-1986, SEC.13.