Indiana § 13-11-2-48 - "Creditor"
Full text of Indiana Indiana Code § 13-11-2-48 — "Creditor", with citation guidance and answers to common questions.
§ 13-11-2-48. "Creditor"
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.
[Pre-1996 Recodification Citations: 13-7-8.7-8(a); 13-7-20.1-14(a).]
As added by P.L.1-1996, SEC.1. Amended by P.L.90-1998, SEC.1.
Frequently Asked Questions About Indiana § 13-11-2-48
What does Indiana Code § 13-11-2-48 cover?
Section 13-11-2-48 (""Creditor"") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 13-11-2-48?
A common citation format is "Indiana Code § 13-11-2-48" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 13-11-2-48 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.