Indiana § 21-32-2-4 - Authority to pledge and assign security for the payment of bonds or notes
Full text of Indiana Indiana Code § 21-32-2-4 — Authority to pledge and assign security for the payment of bonds or notes, with citation guidance and answers to common questions.
§ 21-32-2-4. Authority to pledge and assign security for the payment of bonds or notes
Sec. 4. A state educational institution may pledge and assign for the benefit of holders of:
(1) temporary obligations; or
(2) a credit facility;
under this chapter any security that the state educational institution may pledge and assign for the payment of bonds or notes under IC 21-34, IC 21-35-2, IC 21-35-3, or IC 21-35-5.
[Pre-2007 Higher Education Recodification Citation: 20-12-9.5-5.]
As added by P.L.2-2007, SEC.273.
IC 21-32-3Chapter 3. Sale of Bonds
21-32-3-1Power to issue bonds 21-32-3-2Sale of bonds; value 21-32-3-3Sale of bonds; conditions 21-32-3-4Notice of sale of bond 21-32-3-5Determination of interest cost 21-32-3-6Acceptability of bids 21-32-3-7Restrictions on the acceptability of bids 21-32-3-8Filing of affidavit 21-32-3-9Applicability of chapter
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-32-2-4
What does Indiana Code § 21-32-2-4 cover?
Section 21-32-2-4 ("Authority to pledge and assign security for the payment of bonds or notes") 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 § 21-32-2-4?
A common citation format is "Indiana Code § 21-32-2-4" (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 § 21-32-2-4 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.