{"data":{"id":"us-in/ic-20-47-3-17","jurisdiction":"us-in","citation":"IC 20-47-3-17","heading":"Lessor corporation; sale of bonds and securities; mortgage bonds","body":"Sec. 17. (a) A corporation qualifying as a lessor corporation under this chapter may issue and sell bonds and other securities. Mortgage bonds issued by a lessor corporation that are a first lien on the leased property are legal and proper investments for state banks and trust companies, insurance companies, and fiduciaries.\n(b) Bonds and other securities issued by a lessor corporation under this section need not be sold under IC 5-1-11, and approval of the securities commissioner is not required in connection with the issuance and sale of the bonds.","path":["TITLE 20. EDUCATION","ARTICLE 47. RELATED ENTITIES; HOLDING COMPANIES; LEASE AGREEMENTS","Chapter 3. Private Holding Companies"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-47-3-17","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"db75f66e32cb66134c13fcab8e208950d5a34f0869ec83eb849252898e30a4e0","source_id":"us-in","stale":false,"prev":"us-in/ic-20-47-3-16","next":"us-in/ic-20-47-3-18"},"notice":"GroundRules: Original legal text. Not legal advice."}