Indiana Statutes
§ 23-2-4-7.5 — Termination of contract
Indiana § 23-2-4-7.5
JurisdictionIndiana
Title 23BUSINESS AND OTHER ASSOCIATIONS
Art. 2SECURITIES AND FRANCHISES
Ch. 4Supervision of Continuing Care Contracts
This text of Indiana § 23-2-4-7.5 (Termination of contract) 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 § 23-2-4-7.5 (2026).
Text
5.
(a)This section does not apply to a
continuing care retirement community registered before July 1, 2009.
(b)A continuing care agreement may be terminated for any of the
following reasons:
(1)The provider has determined that the resident is inappropriate
for living in the care setting.
(2)The resident is unable to fully pay the periodic charges
because the resident inappropriately divested the assets and
income the resident identified at the time of admission to meet the
ordinary and customary living expenses for the resident.
(3)Providing assistance to the resident would jeopardize the
financial solvency of the provider and the other residents being
served by the provider.
(4)The resident has requested a termination of the agreement as
allowed under the agreement.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
As added by P.L.153-2009, SEC.9.
Nearby Sections
15
§ 23-0.5-1-1
Short title§ 23-0.5-1-2
Application§ 23-0.5-1-3
Application; exceptions§ 23-0.5-1-4
Delivery of record§ 23-0.5-1-5
Rules and procedures§ 23-0.5-1-6
Terms dependent on facts ascertainable outside the plan or filed
document; articles of amendment§ 23-0.5-1.5-1
Application of definitions§ 23-0.5-1.5-10
"Filed record"§ 23-0.5-1.5-11
"Filing entity"§ 23-0.5-1.5-12
"Foreign"§ 23-0.5-1.5-13
"General partnership"§ 23-0.5-1.5-14
"Governance interest"§ 23-0.5-1.5-15
"Governing person"§ 23-0.5-1.5-16
"Interest"§ 23-0.5-1.5-17
"Interest holder"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 23-2-4-7.5, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/23-2-4-7.5.