yourstate.us
Home / Indiana / State and Local Administration
Ind. Code § 5-1.2-8-24

Mortgages

Indiana · Indiana Code Title 5 — State and Local Administration · Status: effective

Education
Get this as JSONEmbed this
Cite this
Citation
Ind. Code § 5-1.2-8-24, Mortgages, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1605976
Permanent ID
ys:prov:1605976@1
SHA-256
177d3fc80989c100d09dd28c94e0bffd5577f03cb74294e8b315b7bf556d2c52

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

Sec. 24. If an educational facility is financed and mortgaged under sections 22 and 23 of this chapter: (1) the title to the facility must remain in the nonprofit college or university owning the facility, subject to the lien of the mortgage securing the promissory notes then being purchased; and (2) there may not be a lease of the facility between the authority and the institution.