Participation Loans; Apportionment of Interest Income and Other Receipts

  1. Law
  2. Indiana Code
  3. Taxation
  4. Taxation of Financial Institutions
  5. Rules for Attributing Receipts
  6. Participation Loans; Apportionment of Interest Income and Other Receipts

Checkout our iOS App for a better way to browser and research.

Sec. 13. Interest income and other receipts from a participating financial institution's portion of participation loans must be attributed under this chapter. A participation loan is a loan in which more than one (1) lender is a creditor to a common borrower.

As added by P.L.347-1989(ss), SEC.1.


Download our app to see the most-to-date content.