Indiana § 8-4-25-3 - Limitation on amount
Full text of Indiana Indiana Code § 8-4-25-3 — Limitation on amount, with citation guidance and answers to common questions.
§ 8-4-25-3. Limitation on amount
Sec. 3. No railway company shall, under the provisions of this chapter, indorse or guarantee the bonds of any such railway company or companies as is above mentioned to an amount exceeding one-half (1/2) of the par value of the stock of the railway company so indorsing or guaranteeing as authorized under this chapter.
Formerly: Acts 1883, c.127, s.3. As amended by P.L.62-1984, SEC.81.
IC 8-4-26Chapter 26. Settlement of Railroad Mortgages
8-4-26-1Notice; procedure
Frequently Asked Questions About Indiana § 8-4-25-3
What does Indiana Code § 8-4-25-3 cover?
Section 8-4-25-3 ("Limitation on amount") 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 § 8-4-25-3?
A common citation format is "Indiana Code § 8-4-25-3" (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 § 8-4-25-3 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.