Indiana § 8-1-18-1 - Authority to encumber
Full text of Indiana Indiana Code § 8-1-18-1 — Authority to encumber, with citation guidance and answers to common questions.
§ 8-1-18-1. Authority to encumber
Sec. 1. Any telephone company that does not have more than five thousand (5,000) subscribers and operating within the state of Indiana, may, upon the authorization of its board of directors and without the approval of its shareholders, execute and deliver a mortgage or mortgages, a deed or deeds of trust, pledge or encumber any or all of the property, assets, rights, privileges, licenses, franchises and permits of such telephone company, whether acquired or to be acquired and wherever situated, as well as the revenues therefrom, all upon such terms and conditions as the board of directors shall determine, to secure an indebtedness of such telephone company to the United States of America or any agency or instrumentality thereof: Provided, however, That a notice of the intention to execute such mortgage shall be given by the telephone company in two (2) newspapers of general circulation in the county in which the principal office of such company is located, and if there be only one (1) newspaper published in such county, publication in one (1) newspaper will be sufficient.
Formerly: Acts 1955, c.193, s.1.
IC 8-1-19Chapter 19. Telephone Companies─Receivership
8-1-19-1Public policy 8-1-19-2Verified showing; hearing; order for receivership
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-1-18-1
What does Indiana Code § 8-1-18-1 cover?
Section 8-1-18-1 ("Authority to encumber") 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 § 8-1-18-1?
A common citation format is "Indiana Code § 8-1-18-1" (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 § 8-1-18-1 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.