GroundRules
IC 5-28-21-14: Loan security
Where this section sits in the code
- TITLE 5. STATE AND LOCAL ADMINISTRATION
- ARTICLE 28. INDIANA ECONOMIC DEVELOPMENT CORPORATION
- Chapter 21. Small Business Incubator Program
Sec. 14. (a) A loan under this chapter must be secured by liens on collateral at the highest level of priority that can accommodate the borrower's ability to raise sufficient debt and equity capital.
(b) A financial institution holding an obligation that is guaranteed under this chapter must adequately secure the obligation.
Collected 2026-09-02T16:11:39Z. Source file · JSON