Indiana Code 15-14-7-6. Lien on property; repayment
Current as of: 2023 | Check for updates
|
Other versions
Sec. 6. (a) An amount appropriated under section 2 of this chapter is a lien on the real and personal property of the 4-H club.
(b) A dividend may not be declared or paid to the incorporators or stockholders of the 4-H club until the appropriation made by the board is repaid with interest to the county treasury.
[Pre-2008 Recodification Citation: 15-1-6-3.]
As added by P.L.2-2008, SEC.5.
Terms Used In Indiana Code 15-14-7-6
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Lien: A claim against real or personal property in satisfaction of a debt.