Indiana § 20-49-10-12 - Security interest; procedure to redetermine security interest; limitation
Full text of Indiana Indiana Code § 20-49-10-12 — Security interest; procedure to redetermine security interest; limitation, with citation guidance and answers to common questions.
§ 20-49-10-12. Security interest; procedure to redetermine security interest; limitation
Sec. 12. A charter school may provide the state board with an adequate security interest for the repayment of an advance made to the charter school under this chapter, in the form and amount determined by the Indiana department of administration. If the school operator sells its equity interest in the school facility, the state board shall redetermine the adequacy of its security interest and may hold a public hearing to determine whether any tax dollar equity funded with the advance should be paid to the state. The state board may not approve the disbursement of an advance made under this chapter to a charter school until the charter school provides the state board with an adequate security interest for the repayment of the advance in the manner prescribed by this section.
As added by P.L.211-2018(ss), SEC.13.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-49-10-12
What does Indiana Code § 20-49-10-12 cover?
Section 20-49-10-12 ("Security interest; procedure to redetermine security interest; limitation") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 20-49-10-12?
A common citation format is "Indiana Code § 20-49-10-12" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 20-49-10-12 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.