§ 23-2-6-40 — Summary orders; final orders

Indiana § 23-2-6-40

• Jurisdiction: Indiana
• Title 23: BUSINESS AND OTHER ASSOCIATIONS
• Art. 2: SECURITIES AND FRANCHISES
• Ch. 6: Indiana Commodity Code

Text

(a) A summary order becomes a final order if:
(1) thirty (30) business days have passed since the summary order
was entered; and
(2) a hearing on the order is not:
(A) requested under section 39(d) of this chapter; or
(B) ordered by the commissioner under section 39(e) of this
chapter.
(b) If a hearing on an order is requested or ordered under section 39
of this chapter, the commissioner may modify, vacate, or extend the
order until final determination after the commissioner has provided:
(1) a notice of a hearing to all interested persons; and
(2) an opportunity for a hearing by all interested persons.
(c) A final order or an order after a hearing may not be returned
without:
(1) appropriate notice to all interested persons;
(2) opportunity for hearing by all interested persons; and
(3) entry of written findings of fact and conclusions of law.
(d) All hearings in an administrative proceeding under this chapter
shall be subject to IC 5-14-1.5.

Legislative History

As added by P.L.177-1991, SEC.10.