Indiana § 5-1-14-13 Contesting validity of obligations

Indiana Statutes

§ 5-1-14-13 — Contesting validity of obligations

Indiana § 5-1-14-13

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1BONDS AND OTHER OBLIGATIONS

Ch. 14Miscellaneous Provisions

This text of Indiana § 5-1-14-13 (Contesting validity of obligations) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 5-1-14-13 (2026).

Text

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.

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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.