Ind. Code § 15-14-5-2

Current through P.L. 171-2024

Section 15-14-5-2 - Powers to borrow money, mortgage property, and issue bonds

A society, an association, or a corporation described in section 1 of this chapter, with authority of its board of directors, may:

(1) borrow money;

(2) mortgage its property; and

(3) issue notes, bonds, and other obligations without restrictions other than those applying to corporations generally.

IC 15-14-5-2

Pre-2008 Recodification Citation: 15-1-10-1 part.

As added by P.L. 2-2008, SEC.5.