Indiana Statutes
§ 21-29-3-5 — Enforcement of swap agreements
(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§ 21-12-1-10
"Frank O'Bannon grant"§ 21-12-1-11
"Fund"§ 21-12-1-11.5
"Prior learning assessment"§ 21-12-1-12
Repealed§ 21-12-1-13
"Program"§ 21-12-1-14
"Scholarship"§ 21-12-1-15
"Scholarship applicant"§ 21-12-1-16
"Scholarship recipient"§ 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"§ 21-12-1-5
"Approved secondary school"§ 21-12-1-6
"Commission"