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§ 5-1-5-4-9 — Indiana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Indiana/
  4. Title 5 - State and Local Administration/
  5. Article 1.5 - Indiana Bond Bank/
  6. Chapter 4 - Issuance of Obligations5-1.5-4-1. Purposes; Bonds to Be General Obligations of Bank Payable Out of Revenues or Funds of Bank; Limitation on Amount Outstanding; Exception to Limitation/
  7. § 5-1-5-4-9
Indiana Legal Code

§ 5-1-5-4-9

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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.25-1984, SEC.1. Amended by P.L.43-1985, SEC.16.