Ind. Code § 28-10-2-3

Current through P.L. 171-2024
Section 28-10-2-3 - "Benchmark replacement"

As used in this chapter, "benchmark replacement" means:

(1) a benchmark;
(2) an interest rate; or
(3) a dividend rate;

that may or may not be based in whole or in part on a prior setting of LIBOR, and that replaces LIBOR (or any interest rate or dividend rate based on LIBOR), whether on a temporary, permanent, or indefinite basis, under or with respect to a contract, security, or instrument.

IC 28-10-2-3

Added by P.L. 67-2022,SEC. 1, eff. 3/10/2022.