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Indiana Code Title 14. Natural and Cultural Resources § 14-32-6.5-23

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

Sec. 23. (a) Despite the issuance of a certificate of dissolution of a district under section 22 of this chapter, all contracts to which the district is a party remain in force and effect for the period provided in the contracts.

(b) The board:

(1) is substituted for the district as party to the contracts;

(2) is entitled to all benefits and subject to all liabilities under the contracts;  and

(3) has the same right and obligation under the contracts as the district would have had to:

(A) perform;

(B) require performance;

(C) sue and be sued;  and

(D) modify or terminate the contracts by mutual consent or otherwise.

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Cite this article: FindLaw.com - Indiana Code Title 14. Natural and Cultural Resources § 14-32-6.5-23 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-14-natural-and-cultural-resources/in-code-sect-14-32-6-5-23/

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