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Indiana Code Title 13. Environment § 13-11-2-48

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 48.  “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.

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Cite this article: FindLaw.com - Indiana Code Title 13. Environment § 13-11-2-48 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-13-environment/in-code-sect-13-11-2-48/

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