Sec. 3. A:

(1) contract;

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Terms Used In Indiana Code 34-54-3-3

  • Contract: A legal written agreement that becomes binding when signed.
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
(2) stipulation; or

(3) power of attorney;

given or entered into before a cause of action accrues on a promise to pay is void.

[Pre-1998 Recodification Citation: 34-2-25-1 part.]

As added by P.L.1-1998, SEC.50.