Ind. Code § 14-33-20-31

Current through P.L. 171-2024

Section 14-33-20-31 - Appointment of receiver of water facilities

Upon an application the circuit court, superior court, or probate court:

(1) may appoint; and

(2) shall appoint, if the application is made by the holders or a trustee of the holders of twenty-five percent (25%) in principal amount of the bonds, notes, or other evidences of indebtedness then outstanding;

a receiver of the water facilities.

IC 14-33-20-31

Pre-1995 Recodification Citation: 13-3-4-13(a) part.

Amended by P.L. 84-2016, SEC. 83, eff. 7/1/2016.

As added by P.L. 1-1995, SEC.26.