Indiana § 4-11-1-1 - Loan greater than amount authorized by law; validity of security
Full text of Indiana Indiana Code § 4-11-1-1 — Loan greater than amount authorized by law; validity of security, with citation guidance and answers to common questions.
§ 4-11-1-1. Loan greater than amount authorized by law; validity of security
Sec. 1. The bonds, mortgages, notes, or other evidences of debt, or instruments of writing, executed by any person or persons, or that may hereafter be executed, for loans of money of any of the trust or other funds of the state, authorized by law to be loaned, being the same are hereby declared not to be invalid on account of the amount of such loan being for a larger sum than was, is, or may be contemplated or authorized by law, but the same are hereby declared to be as valid and obligatory, in every respect, as if the loan for which the same are executed had been for no greater amount than was, by law, in such case contemplated or authorized.
Formerly: Acts 1855, c.54, s.1.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 4-11-1-1
What does Indiana Code § 4-11-1-1 cover?
Section 4-11-1-1 ("Loan greater than amount authorized by law; validity of security") 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 § 4-11-1-1?
A common citation format is "Indiana Code § 4-11-1-1" (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 § 4-11-1-1 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.