Sec. 3. A security issued in connection with a financing under this article, the interest on which is excludable from adjusted gross income tax, is exempt from the registration requirements of IC 23.

[Pre-1996 Recodification Citation: 13-9.5-9-10.]

As added by P.L.1-1996, SEC.11. Amended by P.L.192-2002(ss), SEC.156.