Ind. Const. art. 11, § 3
- Constitution
- Constitution of Indiana
- Text as of
- October 2026
What does this section say?
If the General Assembly shall enact a general banking law, such law shall provide for the registry and countersigning, by an officer of State, of all paper credit designed to be circulated as money; and ample collateral security, readily convertible into specie, for the redemption of the same in gold or silver, shall be required; which collateral security shall be under the control of the proper officer or officers of State.
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.