Sec. 3. (a) Termination of membership in the compact shall be imposed only after all means of securing compliance have been exhausted. Notice of intent to suspend or terminate shall be submitted by the commission to the governor, the majority and minority leaders of the defaulting state’s legislature, and each of the compact states.

     (b) A compact state that has been terminated is responsible for all assessments, obligations, and liabilities incurred through the effective date of the termination, including obligations that extend beyond the effective date of termination.

As added by P.L.65-2022, SEC.2.

Terms Used In Indiana Code 25-33.5-12-3

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.