Sec. 23. The corporation may take assignments of accounts receivable, loans, guarantees, insurance, notes, mortgages, security agreements securing notes, and other forms of security, attach, seize, or take title by foreclosure or conveyance to any industrial development project when a guaranteed loan on the project is clearly in default and when in the opinion of the authority such an acquisition is necessary to safeguard the guaranty fund, and sell, or on a temporary basis, lease or rent the project for any use. IC 5-28-31 Chapter 31. Repealed IC 5-28-32 Chapter 32. Business Development Loan Fund 5-28-32-1 "Fund" 5-28-32-2 Establishment; purpose 5-28-32-3 Sources of money 5-28-32-4 Power to make loans 5-28-32-5 Required loan agreement terms
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