Ind. Code § 13-11-2-48

Current through P.L. 171-2024

Section 13-11-2-48 - "Creditor"

"Creditor", for purposes of IC 13-25-4-8, means, with respect to a facility, a person who:

(1) has extended credit to an owner or operator of the facility;

(2) has an interest in the facility to secure an extension of credit; or

(3) has acquired title or a right to title to the facility:

(A) upon default;

(B) at foreclosure; or

(C) in lieu of foreclosure as a result of an extension of credit secured by an interest in the facility, unless the extension of credit was solely for the purpose of avoiding environmental liability.

IC 13-11-2-48

Pre-1996 Recodification Citations: 13-7-8.7-8(a); 13-7-20.1-14(a).

As added by P.L. 1-1996, SEC.1. Amended by P.L. 90-1998, SEC.1.