Transfer and use of funds restricted; offenses

Ind. Code § 6-9-7-8
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 8. (a) Any member of the commission who approves the transfer of funds to any person or corporation not qualified under this chapter for that transfer or who approves a transfer for a purpose not permitted under this chapter commits a Level 6 felony. (b) Any person or officer or employee of a corporation who receives a transfer of funds under this chapter and who uses those funds for any purpose other than a proposal approved by the commission commits a Level 6 felony. As added by Acts 1978, P.L.50, SEC.1. Amended by P.L.158-2013, SEC.110.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements