Indiana § 8-9.5-9-9 Enforcement of swap agreements

Indiana Statutes

§ 8-9.5-9-9 — Enforcement of swap agreements

Indiana § 8-9.5-9-9

Art. 9.5TRANSPORTATION AGENCIES

Ch. 9Powers and Duties of Authorities Related to Swap

This text of Indiana § 8-9.5-9-9 (Enforcement of swap agreements) 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 § 8-9.5-9-9 (2026).

Text

(a)This section does not apply in cases of bad faith or actual knowledge to the contrary by a party.

(b)A party that enters into any swap agreement with an authority may rely on a representation by the authority that the authority is authorized or empowered to enter into the swap agreement, and notwithstanding the failure by the authority to comply with the provisions of this chapter, that party may enforce the swap agreement against the authority, subject to the terms of the swap agreement and subject to prior claims on sources from which the swap agreement may be payable.

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(a) This section does not apply in cases of bad
faith or actual knowledge to the contrary by a party.
(b) A party that enters into any swap agreement with an authority
may rely on a representation by the authority that the authority is
authorized or empowered to enter into the swap agreement, and
notwithstanding the failure by the authority to comply with the
provisions of this chapter, that party may enforce the swap agreement
against the authority, subject to the terms of the swap agreement and
subject to prior claims on sources from which the swap agreement may
be payable.