Indiana § 16-22-7-41 Liquidation of authority

Indiana Statutes

§ 16-22-7-41 — Liquidation of authority

Indiana § 16-22-7-41

Title 16HEALTH

Art. 22COUNTY HOSPITALS

Ch. 7Hospital Building Authorities in County With Hospital

This text of Indiana § 16-22-7-41 (Liquidation of authority) 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 § 16-22-7-41 (2026).

Text

An authority may be liquidated after
redemption of the authority's securities, payment of the authority's
debts, and termination of the authority's leases if the governing board
files a report with the circuit court, superior court, or probate court
showing the facts and stating that liquidation is in the best public
interest. If the court finds the facts, the court shall make an order book
entry ordering the authority liquidated.
[Pre-1993 Recodification Citation: 16-12-20.5-26.]

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An authority may be liquidated after
redemption of the authority's securities, payment of the authority's
debts, and termination of the authority's leases if the governing board
files a report with the circuit court, superior court, or probate court
showing the facts and stating that liquidation is in the best public
interest. If the court finds the facts, the court shall make an order book
entry ordering the authority liquidated.
[Pre-1993 Recodification Citation: 16-12-20.5-26.]