Indiana § 13-11-2-48 "Creditor"

Indiana Statutes

§ 13-11-2-48 — "Creditor"

Indiana § 13-11-2-48

Art. 11DEFINITIONS

This text of Indiana § 13-11-2-48 ("Creditor") is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 13-11-2-48 (2026).

Text

"Creditor", for purposes of IC 13-25-4-8, means, with respect to a facility, a person who:

(1)has extended credit to an owner or operator of the facility;

(2)has an interest in the facility to secure an extension of credit; or

(3)has acquired title or a right to title to the facility:

(A)upon default;

(B)at foreclosure; or

(C)in lieu of foreclosure as a result of an extension of credit secured by an interest in the facility, unless the extension of credit was solely for the purpose of avoiding environmental liability. [Pre-1996 Recodification Citations: 13-7-8.7-8(a); 13-7-20.1-14(a).]

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"Creditor", for purposes of IC 13-25-4-8,
means, with respect to a facility, a person who:
(1) has extended credit to an owner or operator of the facility;
(2) has an interest in the facility to secure an extension of credit;
or
(3) has acquired title or a right to title to the facility:
(A) upon default;
(B) at foreclosure; or
(C) in lieu of foreclosure as a result of an extension of credit
secured by an interest in the facility, unless the extension of
credit was solely for the purpose of avoiding environmental
liability.
[Pre-1996 Recodification Citations: 13-7-8.7-8(a);
13-7-20.1-14(a).]