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IN · constitutions

Ind. Const. art. 11, § 3

activein force · 2026-09-29 – presentas-observed

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.

Provenance

Source
iga.in.gov
Retrieved
2026-09-29
Edition
supplied-2026-09-29
Content hash
99be0a2cfd19d289138fc7666f5f3f49549aed97fd950d7475bd92c080732489
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