Indiana Statutes

§ 14-33-20-31 — Appointment of receiver of water facilities

Indiana·Art. 33 CONSERVANCY DISTRICTS·Ch. 20 Water Supply Systems

Upon an application the circuit court, superior court, or probate court:

(1)may appoint; and
(2)shall appoint, if the application is made by the holders or a trustee of the holders of twenty-five percent (25%) in principal amount of the bonds, notes, or other evidences of indebtedness then outstanding; a receiver of the water facilities. [Pre-1995 Recodification Citation: 13-3-4-13(a) part.]

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Legislative History

As added by P.L.1-1995, SEC.26. Amended by P.L.84-2016, SEC.83.

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