Indiana § 36-10-10-26 Liquidation; procedure

Indiana Statutes

§ 36-10-10-26 — Liquidation; procedure

Indiana § 36-10-10-26

Title 36LOCAL GOVERNMENT

Art. 10RECREATION, CULTURE, AND COMMUNITY

Ch. 10Civic Center Building Authority in South Bend or

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Bluebook

Ind. Code § 36-10-10-26 (2026).

Text

An authority may be liquidated after
redemption of all of its securities, payment of all of its debts, and
termination of all of its leases if the board files a report with the judge
of the circuit court, superior court, or probate court showing those facts
and stating that liquidation would be in the best public interest. If the
court finds those facts to be true, it shall make an order book entry
ordering the authority liquidated.
As added by Acts 1982, P.L.218, SEC.4. Amended by
P.L.84-2016, SEC.198.

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An authority may be liquidated after
redemption of all of its securities, payment of all of its debts, and
termination of all of its leases if the board files a report with the judge
of the circuit court, superior court, or probate court showing those facts
and stating that liquidation would be in the best public interest. If the
court finds those facts to be true, it shall make an order book entry
ordering the authority liquidated.
As added by Acts 1982, P.L.218, SEC.4. Amended by
P.L.84-2016, SEC.198.