Indiana § 36-9-32-9 Enforcement by owner of bonds or trustee

Indiana Statutes

§ 36-9-32-9 — Enforcement by owner of bonds or trustee

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 32 Financing of Public Improvements in Municipalities

Any owner of bonds issued under this chapter, and the trustee under any trust agreement entered into under this chapter, except to the extent that the trustee's rights are restricted by the trust agreement, may:

(1)either at law or in equity, by suit, action, or other proceeding, protect and enforce any and all rights of such owner of bonds or trustee under state law, or, to the extent permitted by law, under the trust agreement, or under any loan agreement entered into under this chapter; and

(2)enforce and compel the performance of all duties required by this chapter or by any trust agreement or loan agreement entered into under this chapter to be performed by any municipality or by any officer of any municipality.

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Any owner of bonds issued under this chapter,
and the trustee under any trust agreement entered into under this
chapter, except to the extent that the trustee's rights are restricted by the
trust agreement, may:
(1) either at law or in equity, by suit, action, or other proceeding,
protect and enforce any and all rights of such owner of bonds or
trustee under state law, or, to the extent permitted by law, under
the trust agreement, or under any loan agreement entered into
under this chapter; and
(2) enforce and compel the performance of all duties required by
this chapter or by any trust agreement or loan agreement entered
into under this chapter to be performed by any municipality or by
any officer of any municipality.

Indiana § 36-9-32-9 (Enforcement by owner of bonds or trustee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.