Indiana Code 5-13-12-8.6. Validity of certain loan guaranties
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Terms Used In Indiana Code 5-13-12-8.6
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Sec. 8.6. Notwithstanding the expiration of section 8.5 of this chapter on December 31, 2002, a loan guarantee made by the board for depositories under that section before December 31, 2002, remains a valid and binding obligation of the board for depositories after December 31, 2002, as if section 8.5 of this chapter had not expired.
As added by P.L.220-2011, SEC.96.