Ind. Code § 36-1-15-8

Debt in excess of maximum amount void

As added by P.L.6-1997, SEC.203.

Sec. 8. Debt in excess of the maximum amount specified in sections 6 and 7 of this chapter is void.

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