Ind. Code § 27-9-3-24
Extension of unsecured credit by preferred creditor
Indiana · Indiana Code Title 27 — Insurance · Status: effective
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- Citation
- Ind. Code § 27-9-3-24, Extension of unsecured credit by preferred creditor, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1664534
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Full text
Sec. 24. If a creditor has been preferred, and afterward in good faith gives the insurer further credit without security of any kind for property that becomes a part of the insurer's estate, the amount of the new credit remaining unpaid at the time of the petition may be set off against the preference that would otherwise be recoverable from him.