Indiana Code 22-9.5-6-16. Effect of order on prior transactions
Current as of: 2023 | Check for updates
|
Other versions
Sec. 16. A commission order under section 15 of this chapter does not affect a contract, a sale, an encumbrance, or a lease that:
(2) involved a bona fide purchaser, an encumbrancer, or a tenant who did not have actual notice of the finding of reasonable cause filed under this article.
(1) was consummated before the commission issued the order; and
Terms Used In Indiana Code 22-9.5-6-16
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
As added by P.L.66-1990, SEC.2. Amended by P.L.1-1991, SEC.154.