Indiana Code 16-22-8-44. Bonds to fund or refund judgment
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Terms Used In Indiana Code 16-22-8-44
- board: refers to the board of a municipal corporation created under this chapter. See Indiana Code 16-22-8-2.1
- 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.
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
Sec. 44. The board may issue funding or refunding bonds to fund or refund a judgment, bonds, or other obligations of the corporation. The board is not required to file a petition requesting the issuance of funding or refunding bonds.
[Pre-1993 Recodification Citation: 16-12-21-39.]
As added by P.L.2-1993, SEC.5.