Sec. 2. 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.
As added by P.L.25-1984, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.5. Indiana Bond Bank
Chapter 9. Miscellaneous Provisions
5-1.5-9-1. Limitation of Actions
5-1.5-9-4. Insurance or Guaranty for Payment or Repayment of Interest or Principal, or Both
5-1.5-9-5. Authority to Receive Money; Disposition
5-1.5-9-6. Financial Institution to Keep and Pay Over Funds Deposited With It
5-1.5-9-8. Financial Institutions and Fiduciaries; Investment in Bonds and Notes
5-1.5-9-10. Officers, Departments, etc., of the State to Render Services to Bank; Costs and Expenses
5-1.5-9-11. Pledges of Revenues or Other Money
5-1.5-9-12. Securities; Registration Requirements; Exemption