Indiana Code Title 36. Local Government § 36-3-8-2

(1) the town remains a town government;

(2) the town's boundaries and name remain the same;

(3) the term of any elected or appointed officer of the town is not affected;

(4) the town ceases to be:

(5) the town is an excluded city as provided in IC 36-3-1-7 and IC 36-3-2-4 and has all of the rights, powers, duties, and responsibilities of an excluded city;

(6) the town continues to fulfill the duties that were imposed by law upon the consolidated city before January 1, 2027, within the town boundaries;

(7) the resolutions, fees, schedules, or other actions adopted or taken by the town legislative body or town clerk-treasurer before January 1, 2027, remain valid;

(8) any appointments made by the town legislative body before January 1, 2027, remain valid;

(9) the town retains its assets, debts, property rights, equipment, records, personnel, and contracts;  and

(10) any part of the town that is included in a fire protection district established under IC 36-8-11 on December 31, 2026, that is located in the county containing the consolidated city, shall continue to be included in the fire protection district.