# Ind. Code § 14-34-7-0.5: "Collateral" defined

> Indiana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-0.5

## Section

- **Citation:** Ind. Code § 14-34-7-0.5
- **Heading:** "Collateral" defined
- **Jurisdiction:** Indiana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Indiana Code / Title 14 / Article 34 / Chapter 7 / Section 14-34-7-0.5

## Text

Sec. 0.5. As used in this chapter, "collateral" means the actual or constructive deposit, as appropriate, with the director of one (1) or more of the following types of property in support of a self-bond:

(1) A perfected, first-lien security interest in favor of the department of natural resources in real property located in Indiana that meets the requirements of this chapter.

(2) Securities backed by the full faith and credit of the United States government, or state government securities, that are:

(A) acceptable to;

(B) endorsed to the order of; and

(C) placed in the possession of;

the director.

(3) Personal property that is located in Indiana and owned by the applicant, the market value of which is more than one million dollars ($1,000,000) per property unit.

As added by P.L.176-1995, SEC.8.

## Nearby sections

- [Ind. Code § 14-34-7-0.5 "Collateral" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-0.5.md)
- [Ind. Code § 14-34-7-0.6 "Comparative balance sheet" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-0.6.md)
- [Ind. Code § 14-34-7-0.7 "Comparative income statement" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-0.7.md)
- [Ind. Code § 14-34-7-1 "Liabilities" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-1.md)
- [Ind. Code § 14-34-7-2 "Net worth" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-2.md)
- [Ind. Code § 14-34-7-2.5 "Surface Mining Control and Reclamation Act" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-2.5.md)
- [Ind. Code § 14-34-7-3 "Tangible net worth" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-3.md)
- [Ind. Code § 14-34-7-4 "Current assets" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-4.md)
- [Ind. Code § 14-34-7-4.1 Method of replacement of self-bonds](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-4.1.md)
- [Ind. Code § 14-34-7-5 "Corporate guarantee" defined](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-5.md)
- [Ind. Code § 14-34-7-6 Self-bond or corporate guarantee; percentage of net worth](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-6.md)
- [Ind. Code § 14-34-7-7 Indemnity agreement](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-7.md)
- [Ind. Code § 14-34-7-7.1 Collateral and indemnity agreement to support self-bond application](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-7.1.md)
- [Ind. Code § 14-34-7-8 Updated information for self-bond or corporate guarantee](https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-8.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IN_T14_A34_C7_S14-34-7-0.5. Check the current official text before relying on it. Not legal advice.