Ind. Code § 8-1-13-15
This is the official text of Ind. Code § 8-1-13-15, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Purchase; own obligations
Official statutory text
Sec. 15. A corporation may, out of any funds available for that purpose, purchase any obligations issued by it at a price determined by resolution of the board together with accrued interest on the obligations. All obligations purchased in that manner shall be cancelled.
Formerly: Acts 1935, c.175, s.15. As amended by P.L.109-1989, SEC.3.
Formerly: Acts 1935, c.175, s.15. As amended by P.L.109-1989, SEC.3.
Status: in_force · Read it on the official government site
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