Indiana Code 21-16-5-9. Benefits of guaranty
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Terms Used In Indiana Code 21-16-5-9
- 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.
Sec. 9. The corporation and its transferees and pledgees, so long as they are eligible lenders under a federal program, are entitled to the benefits of any guaranty given by the commission under IC 21-16-4 or any successor to the commission with respect to education loans owned or held by the corporation, its transferees, or its pledgees, as long as the corporation, its transferees, or its pledgees are eligible lenders or holders of education loans under the rules adopted under IC 4-22-2 by the commission or a successor to the commission.
[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-3(h).]
As added by P.L.2-2007, SEC.257.