Indiana § 8-1-8.9-18 SNG property interest; successor obligations

Indiana Statutes

§ 8-1-8.9-18 — SNG property interest; successor obligations

Indiana § 8-1-8.9-18

Art. 1UTILITIES GENERALLY

Ch. 8.9Financing of Substitute Natural Gas Costs

This text of Indiana § 8-1-8.9-18 (SNG property interest; successor 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 § 8-1-8.9-18 (2026).

Text

Any entity that becomes a successor to an energy utility as the result of:

(1)any bankruptcy, reorganization, or other insolvency proceeding;

(2)any merger, sale, or transfer involving the energy utility; or

(3)the operation of law; or for any other reason, shall perform and satisfy any obligations of the energy utility incurred under this chapter in the same manner and to the same extent as the energy utility would have been obligated to perform, including the obligation to pay to an assignee any funds collected by the energy utility in connection with the SNG property interest assigned to the assignee.

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Any entity that becomes a successor to an
energy utility as the result of:
(1) any bankruptcy, reorganization, or other insolvency
proceeding;
(2) any merger, sale, or transfer involving the energy utility; or
(3) the operation of law;
or for any other reason, shall perform and satisfy any obligations of the
energy utility incurred under this chapter in the same manner and to the
same extent as the energy utility would have been obligated to perform,
including the obligation to pay to an assignee any funds collected by
the energy utility in connection with the SNG property interest assigned
to the assignee.