Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 5-1-4-8-1 — 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 8 - Purchase of Securities of Qualified Entities5-1.4-8-1. Purchase of Securities Offered by Qualified Entity; Private Sale; Issuance of Bonds or Notes for Purpose of Purchase/
  7. § 5-1-4-8-1
Indiana Legal Code

§ 5-1-4-8-1

Ask AI about this
Notwithstanding any law to the contrary, a qualified entity may sell its securities to the bank at a negotiated, private sale. The bank, for this purpose, may issue its bonds and notes payable solely from the revenues or funds available to the bank for such payment and may otherwise assist qualified entities as provided in this article.As added by P.L.42-1985, SEC.1.