Ind. Code § 20-42-1-10

Current through P.L. 171-2024

Section 20-42-1-10 - Loans; required interest rate

Subject to section 9 of this chapter, the:

(1) principal belonging to a fund; and

(2) accumulations to the principal of a fund held by a county;

must be loaned at four percent (4%) per annum. Loans made before June 1, 1943, with a rate of interest higher than four percent (4%) per annum must have an interest rate of four percent (4%) per annum.

IC 20-42-1-10

Pre-2006 Recodification Citation: 21-1-7-1.

As added by P.L. 2-2006, SEC.165.