Indiana § 16-22-6-36 - Liquidation of authority

Full text of Indiana Indiana Code § 16-22-6-36 — Liquidation of authority, with citation guidance and answers to common questions.

§ 16-22-6-36. Liquidation of authority

Sec. 36. An authority may be liquidated after the authority's securities are redeemed, debts are paid, and leases are terminated if the board of directors files a report with the circuit court, superior court, or probate court showing the facts and stating that the liquidation is in the best public interest. The court shall find the facts and make an order book entry ordering the authority liquidated.

[Pre-1993 Recodification Citation: 16-12-20-24.]

As added by P.L.2-1993, SEC.5. Amended by P.L.84-2016, SEC.86.

Source: official Indiana text · Last verified 2026-08-27

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Frequently Asked Questions About Indiana § 16-22-6-36

What does Indiana Code § 16-22-6-36 cover?

Section 16-22-6-36 ("Liquidation of authority") 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 § 16-22-6-36?

A common citation format is "Indiana Code § 16-22-6-36" (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 § 16-22-6-36 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.