Indiana § 34-12-2-7 Compromise or settlement of abolished causes of action prohibited

Indiana Statutes

§ 34-12-2-7 — Compromise or settlement of abolished causes of action prohibited

Indiana·Title 34 CIVIL LAW AND PROCEDURE·Art. 12 PROHIBITED CAUSES OF ACTION·Ch. 2 Certain Domestic Relations Actions

(a)All contracts and instruments executed after June 10, 1935, within Indiana in payment, satisfaction, settlement, or compromise of any claim or cause of action abolished or barred by this chapter, whether the claim or cause of action arose within or outside Indiana, are declared to be contrary to the public policy of Indiana and void.

(b)It is unlawful to cause, induce, or procure any person to:

(1)execute a contract or instrument described in subsection (a);

(2)cause, induce, or procure any person to give, pay, transfer, or deliver any money or thing of value in payment, satisfaction, settlement, or compromise of a claim or cause of action described in subsection (a); or

(3)receive, take, or accept any money or thing of value in payment, satisfaction, settlement, or compromise of a

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(a) All contracts and instruments executed after
June 10, 1935, within Indiana in payment, satisfaction, settlement, or
compromise of any claim or cause of action abolished or barred by this
chapter, whether the claim or cause of action arose within or outside
Indiana, are declared to be contrary to the public policy of Indiana and
void.
(b) It is unlawful to cause, induce, or procure any person to:
(1) execute a contract or instrument described in subsection (a);
(2) cause, induce, or procure any person to give, pay, transfer, or
deliver any money or thing of value in payment, satisfaction,
settlement, or compromise of a claim or cause of action described
in subsection (a); or
(3) receive, take, or accept any money or thing of value in
payment, satisfaction, settlement, or compromise of a claim or
cause of action described in subsection (a).
(c) It is unlawful to commence or cause to be commenced, either as
litigant or attorney, in any court of Indiana, any proceeding or action
seeking to enforce or recover upon a contract or instrument described
in subsection (a), knowing it to be void, whether the contract or
instrument was executed within or outside Indiana.
(d) This section does not apply to:
(1) the payment, satisfaction, settlement, or compromise of any:
(A) causes of action that are not abolished or barred by this
chapter; or
(B) contracts or instruments executed before June 10, 1935; or
(2) the bona fide holder in due course of any negotiable
instrument executed after June 10, 1935.
[Pre-1998 Recodification Citation: 34-4-4-7.]

Indiana § 34-12-2-7 (Compromise or settlement of abolished causes of action prohibited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.