§ 13-11-2-48 — "Creditor"

"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).]

Legislative History

As added by P.L.1-1996, SEC.1. Amended by P.L.90-1998, SEC.1.