Go to Previous Versions of this Section
  1. 2023 Indiana Code (here)
  2. 2022 Indiana Code
  3. 2021 Indiana Code
  4. View All Versions

2023 Indiana Code
Title 21. Higher Education
Article 7. State Universities
Chapter 14. Indiana University Permanent Endowment Fund
21-7-14-12. Loans From Fund; Nonpayment; Suit for Collection

Universal Citation:
IN Code § 21-7-14-12 (2023)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous

Sec. 12. Whenever:

(1) the auditor of state has made loans from the fund that were secured by a mortgage upon real property;

(2) the mortgaged premises are forfeited to the state for nonpayment of the amount due or are purchased for the state by the auditor of state for the benefit of the fund; and

(3) the mortgaged premises when sold fail to sell for a sum sufficient to satisfy the principal and interest of the loan and damages;

the auditor of state shall bring suit on the note executed by the mortgagor for the deficiency, for which the maker is liable. If judgment is rendered on the suit, an appraisement of property is not allowed on the execution issued on the judgment.

[Pre-2007 Higher Education Recodification Citation: 21-7-2-1 part.]

As added by P.L.2-2007, SEC.244.

Previous
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.