Indiana Statutes
§ 5-1-14-13 — Contesting validity of obligations
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 1 BONDS AND OTHER OBLIGATIONS·Ch. 14 Miscellaneous Provisions
The following provisions apply when an issuer negotiates a sale of obligations and a statute does not specify a time within which to contest the validity of the obligations or the sale of the obligations:
(1)No action to contest the validity of the obligations may be
brought after the fifteenth day following the adoption of the
resolution authorizing the sale of the obligations.
(2)No action to contest the validity of the sale of the obligations
may be brought after the fifth day following the sale.
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 5-1-14-13 (Contesting validity of obligations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.2-1989, SEC.11.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" defined