Indiana Code 25-42.5-12-3. Member state’s failure to cure breach
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Terms Used In Indiana Code 25-42.5-12-3
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Sec. 3. If a state in default fails to cure the default, the defaulting state may be terminated from the compact upon an affirmative vote of a majority of the member states, and all rights, privileges and benefits conferred by this compact may be terminated on the effective date of termination. A cure of the default does not relieve the offending state of obligations or liabilities incurred during the period of default.
As added by P.L.98-2023, SEC.2.