Statutes, codes, and regulations
Indiana Code
Title 5 - STATE AND LOCAL ADMINISTRATIONArticle 1.5 - INDIANA BOND BANK
Chapter 9 - MISCELLANEOUS PROVISIONS
Section 5-1.5-9-2 - Property of bank exempt from levy and sale; judgment against bank not charge or lien on property; rights of holders of bonds or notes

Ind. Code § 5-1.5-9-2

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Current through P.L. 171-2024
Section 5-1.5-9-2 - Property of bank exempt from levy and sale; judgment against bank not charge or lien on property; rights of holders of bonds or notes

All property of the bank is exempt from levy and sale by virtue of an execution and no execution or other judicial process may issue against the property. A judgment against the bank may not be a charge or lien upon its property. However, nothing in this section applies to or limits the rights of the holder of bonds or notes to pursue a remedy for the enforcement of a pledge or lien given by the bank on its revenues or other money.

IC 5-1.5-9-2

As added by P.L. 25-1984, SEC.1.