Indiana Code 14-33-20-31. Appointment of receiver of water facilities
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Sec. 31. Upon an application the circuit court, superior court, or probate court:
(2) shall appoint, if the application is made by the holders or a trustee of the holders of twenty-five percent (25%) in principal amount of the bonds, notes, or other evidences of indebtedness then outstanding;
(1) may appoint; and
Terms Used In Indiana Code 14-33-20-31
- Probate: Proving a will
- Trustee: A person or institution holding and administering property in trust.
a receiver of the water facilities.
[Pre-1995 Recodification Citation: 13-3-4-13(a) part.]
As added by P.L.1-1995, SEC.26. Amended by P.L.84-2016, SEC.83.