Indiana Code 25-42-9-4. Failure to cure a default
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Sec. 4. (a) If a state in default fails to cure the default, the defaulting state’s membership in this compact may be terminated upon an affirmative vote of a majority of the administrators, and all rights, privileges, and benefits conferred by this compact may be terminated on the effective date of termination.
(b) 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.135-2019, SEC.5.
Terms Used In Indiana Code 25-42-9-4
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.