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§ 5-1-14-9 — Indiana Law | CourtGPT
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  4. Title 5 - State and Local Administration/
  5. Article 1 - Bonds and Other Obligations/
  6. Chapter 14 - Miscellaneous Provisions5-1-14-1. Bonds, Notes, or Warrants Not Subject to Maximum Interest Rate Limitations/
  7. § 5-1-14-9
Indiana Legal Code

§ 5-1-14-9

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(a) The general assembly covenants that it will not adopt, amend, or repeal a statute in a way that impairs the rights and remedies of the owners of obligations, until the obligations, interest on the obligations, interest on an unpaid installment of interest, and all costs and expenses in connection with an action or proceedings by or on behalf of the owners are fully paid and discharged.(b) An agency (as defined in IC 4-22-2-3) may not adopt, amend, or repeal a rule under IC 4-22-2 in a way that impairs the rights and remedies of the owners of obligations, until the obligations, interest on the obligations, interest on an unpaid installment of interest, and all costs and expenses in connection with an action or proceedings by or on behalf of the owners are fully paid and discharged.As added by P.L.2-1989, SEC.7.