Indiana § 5-1.4-4-5 Resolution authorizing issuance; adoption; action to set aside
resolution

Indiana Statutes

§ 5-1.4-4-5 — Resolution authorizing issuance; adoption; action to set aside resolution

Indiana § 5-1.4-4-5

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.4LOCAL PUBLIC IMPROVEMENT BOND BANKS

Ch. 4Issuance of Obligations

This text of Indiana § 5-1.4-4-5 (Resolution authorizing issuance; adoption; action to set aside resolution) 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 § 5-1.4-4-5 (2026).

Text

Upon the adoption of a resolution authorizing
the issuance of bonds or notes, any action or proceeding in any court to
set aside the resolution authorizing the issuance of bonds or notes of
the bank under this article or to obtain any relief upon the ground that
the resolution is invalid must be filed within fifteen (15) days following
the adoption of the resolution. After the expiration of this fifteen (15)
day period, no right of action shall be asserted nor shall the validity of
the resolution or any of its provisions be open to question in any court
or agency upon any grounds whatsoever.

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Upon the adoption of a resolution authorizing
the issuance of bonds or notes, any action or proceeding in any court to
set aside the resolution authorizing the issuance of bonds or notes of
the bank under this article or to obtain any relief upon the ground that
the resolution is invalid must be filed within fifteen (15) days following
the adoption of the resolution. After the expiration of this fifteen (15)
day period, no right of action shall be asserted nor shall the validity of
the resolution or any of its provisions be open to question in any court
or agency upon any grounds whatsoever.