Indiana § 21-16-5-13 - Investment of funds
Full text of Indiana Indiana Code § 21-16-5-13 — Investment of funds, with citation guidance and answers to common questions.
§ 21-16-5-13. Investment of funds
Sec. 13. All:
(1) banks;
(2) bankers;
(3) trust companies;
(4) savings banks and institutions;
(5) building and loan associations;
(6) saving and loan associations;
(7) investment companies;
(8) insurance companies and associations; and
(9) executors, administrators, guardians, trustees, and other fiduciaries;
may legally invest any sinking funds, money, or other funds that belong to them or are within their control in any bonds or notes issued under this chapter.
[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-6.]
As added by P.L.2-2007, SEC.257.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-16-5-13
What does Indiana Code § 21-16-5-13 cover?
Section 21-16-5-13 ("Investment of funds") 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 § 21-16-5-13?
A common citation format is "Indiana Code § 21-16-5-13" (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 § 21-16-5-13 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.