Indiana § 21-34-6-13 Actions to contest the validity of bonds

Indiana Statutes

§ 21-34-6-13 — Actions to contest the validity of bonds

Indiana·Title 21 HIGHER EDUCATION·Art. 34 STATE EDUCATIONAL INSTITUTIONS:·Ch. 6 Issuance of Bonds

(a)An action to contest the validity of any bonds issued under this article may not be brought after the fifteenth day following:

(1)the first publication of notice of the sale or intent to sell the bonds under IC 21-32-3 if the bonds are sold at public sale; or

(2)the publication one (1) time in newspapers described in IC 21-32-3-3 of notice of execution and delivery of the contract of sale for the bonds if the bonds are sold at negotiated sale.

(b)The board of trustees of a state educational institution shall publish notice under subsection (a)(2) if it sells bonds at negotiated sale within thirty (30) days of execution of the contract of sale for the bonds. [Pre-2007 Higher Education Recodification Citations: 20-12-6-7(f); 20-12-6-7(g).]

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(a) An action to contest the validity of any
bonds issued under this article may not be brought after the fifteenth
day following:
(1) the first publication of notice of the sale or intent to sell the
bonds under IC 21-32-3 if the bonds are sold at public sale; or
(2) the publication one (1) time in newspapers described in IC 21-32-3-3 of notice of execution and delivery of the contract of
sale for the bonds if the bonds are sold at negotiated sale.
(b) The board of trustees of a state educational institution shall
publish notice under subsection (a)(2) if it sells bonds at negotiated
sale within thirty (30) days of execution of the contract of sale for the
bonds.
[Pre-2007 Higher Education Recodification Citations:
20-12-6-7(f); 20-12-6-7(g).]

Indiana § 21-34-6-13 (Actions to contest the validity of bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.