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Ind. Code § 20-42-2-10

Loans; required interest rate

As added by P.L.2-2006, SEC.165.

Sec. 10. The:

(1) principal belonging to the fund; and

(2) accumulations to the principal of a fund held by a county;

must be loaned at four percent (4%) per annum. Loans made before June 1, 1943, with a rate of interest higher than four percent (4%) per annum must have an interest rate of four percent (4%) per annum.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.