Indiana Code 5-28-30-3. “Guaranty program”
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 5-28-30-3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- guaranty fund: refers to the industrial development project guaranty fund created by section 9 of this chapter. See Indiana Code 5-28-30-2
Sec. 3. As used in this chapter, “guaranty program” means the program described in section 10 of this chapter under which the corporation guarantees parts of particular mortgages, security agreements, leases, or loans for working capital with funds available from the guaranty fund.
As added by P.L.162-2007, SEC.25.