Debt in excess of maximum amount void

Ind. Code § 36-1-15-8
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 8. Debt in excess of the maximum amount specified in sections 6 and 7 of this chapter is void. As added by P.L.6-1997, SEC.203.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026

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