§ 28-10-2-23 — Recommended benchmark replacement; benchmark conforming changes; immunity from liability; rights, interests, and obligations not impaired or affected

Indiana § 28-10-2-23

• Jurisdiction: Indiana
• Art. 10: GENERAL PROVISIONS AND DEFINITIONS
• Ch. 2: LIBOR Discontinuance and Replacement

Text

(a) A person is not liable for damages to any
person, and is not subject to any claim or request for equitable relief,
arising out of or related to:
(1) the selection or use of a recommended benchmark
replacement; or
(2) the determination, implementation, or performance of
benchmark replacement conforming changes;
by operation of this chapter, and an action described in subdivision (1)
or (2) does not give rise to any claim or cause of action in law or in
equity.
(b) An action described in subsection (a)(1) or (a)(2) that occurs by
operation of this chapter does not:
(1) constitute an amendment or a modification of any contract,
security, or instrument; or
(2) prejudice, impair, or affect any person's rights, interests, or
obligations under or with respect to any contract, security, or
instrument.

Legislative History

As added by P.L.67-2022, SEC.1.