Indiana Code 5-28-29-12. “Reserve fund”
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Indiana Code 5-28-29-12
- 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.
- lender: means :
Indiana Code 5-28-29-9
Sec. 12. As used in this chapter, “reserve fund” means an account established by the corporation with funds accumulated under this chapter and to cover claims made by the lender under this chapter.
As added by P.L.162-2007, SEC.24.