Ind. Const. art. 11, § 12
- Constitution
- Constitution of Indiana
- Text as of
- October 2026
What does this section say?
The State shall not be a stockholder in any bank; nor shall the credit of the State ever be given, or loaned, in aid of any person, association or corporation; nor shall the State become a stockholder in any corporation or association.However, the General Assembly may by law, with limitations and regulations, provide that prohibitions in this section do not apply to a public employee retirement fund. (History: As Amended November 5, 1996).
The text is copied from the official source: iga.in.gov. This is the stored text for research. It is not legal advice; check the official source before you rely on it.