CHAPTER 15. FULLY REGISTERED AND BOOK ENTRY OBLIGATIONS

IC 5-1-15
    Chapter 15. Fully Registered and Book Entry Obligations

IC 5-1-15-1
Application of chapter
    Sec. 1. This chapter applies to any entities issuing bonds that arenamed in IC 5-1-1-1.
As added by P.L.44-1983, SEC.7.

IC 5-1-15-2
Form of obligations; interchangeable nature
    Sec. 2. Notwithstanding any other provision of law, bonds, notes,evidences of indebtedness, or other written obligations may be issuedin fully registered or book entry form, and may be interchangeablein any manner provided for by the issuing entity.
As added by P.L.44-1983, SEC.7.

IC 5-1-15-3
Delivery; registrar or paying agent; deposit; certificates
    Sec. 3. (a) Bonds, notes, evidences of indebtedness, or otherwritten obligations issued in book entry form shall:
        (1) not be delivered to the owners thereof; and
        (2) have a registrar or paying agent that may be:
            (A) the issuing entity;
            (B) a bank or trust company; or
            (C) a securities depository corporation.
    (b) In connection with issuance in book entry form, the followingmay be done:
        (1) A written instrument may be deposited with the registrar orpaying agent.
        (2) Participation certificates or certificates of beneficial interestmay be issued to the owner by the issuing entity, registrar, orpaying agent.
As added by P.L.44-1983, SEC.7.

IC 5-1-15-4
Employment of bank or trust company
    Sec. 4. The entity may employ any bank or trust company aspaying agent or registrar, co-registrar, or depository institution. Thebank or trust company need not be a depository bank under IC 5-13,and need not be located within the state of Indiana.
As added by P.L.44-1983, SEC.7. Amended by P.L.3-1990, SEC.19.

IC 5-1-15-5
Confidentiality of books and records
    Sec. 5. Notwithstanding any other provision of law, registers orregistration books or transfer records for bonds, notes, evidences ofindebtedness, or other written obligations of any entity are not publicrecords, but are only for the use of the entity, any trustee, fiduciary,paying agent, registrar, co-registrar, or transfer agent. A trust

department of a bank having possession of these records shall notdisclose them to a bond department, commercial department,subsidiary of the bank, or a subsidiary of the parent corporation ofthe bank.
As added by P.L.44-1983, SEC.7.

IC 5-1-15-6
Register
    Sec. 6. Registrars of bond issues shall keep a register ofownership of bonds.
As added by P.L.44-1983, SEC.7.