Indiana Statutes

§ 21-29-3-5 — Enforcement of swap agreements

Indiana § 21-29-3-5
JurisdictionIndiana
Title 21HIGHER EDUCATION
Art. 29STATE EDUCATIONAL INSTITUTIONS:
Ch. 3Swap Agreements

This text of Indiana § 21-29-3-5 (Enforcement of swap agreements) 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 § 21-29-3-5 (2026).

Text

(a)This section does not apply in cases of bad faith or actual knowledge to the contrary by a party.
(b)A party that enters into any swap agreement with a state educational institution may rely on a representation by that state educational institution that the state educational institution is authorized or empowered to enter into the swap agreement, and notwithstanding the failure by the state educational institution to comply with the provisions of this chapter, that party may enforce the swap agreement against the state educational institution, subject to the terms of the swap agreement and subject to prior claims on sources from which the swap agreement may be payable. [Pre-2007 Higher Education Recodification Citation: 20-12-1.3-8.]

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Legislative History

As added by P.L.2-2007, SEC.270.

Nearby Sections

15
§ 21-12-1-1
Definitions
§ 21-12-1-11
"Fund"
§ 21-12-1-12
Repealed
§ 21-12-1-13
"Program"
§ 21-12-1-14
"Scholarship"
§ 21-12-1-2
"Academic term"
§ 21-12-1-3
"Academic year"
§ 21-12-1-4
"Active duty"
§ 21-12-1-4.5
"Adult student grant"
§ 21-12-1-6
"Commission"
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Bluebook (online)
Indiana § 21-29-3-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/21-29-3-5.