Ind. Code § 5-1.4-6-3

Current through P.L. 171-2024

Section 5-1.4-6-3 - Money or investments held for payment of bonds or notes; application

Unless the resolution or trust agreement authorizing the bonds or notes provides otherwise, money or investments in a fund or account of the bank established or held for the payment of bonds or notes shall be applied to the payment or retirement of the bonds or notes, and to no other purpose.

IC 5-1.4-6-3

As added by P.L. 42-1985, SEC.1.