Indiana § 21-29-3-5 - Enforcement of swap agreements
Full text of Indiana Indiana Code § 21-29-3-5 — Enforcement of swap agreements, with citation guidance and answers to common questions.
§ 21-29-3-5. Enforcement of swap agreements
Sec. 5. (a) This section does not apply in cases of bad faith or actual knowledge to the contrary by a party.
(b) A party that enters into any swap agreement with a state educational institution may rely on a representation by that state educational institution that the state educational institution is authorized or empowered to enter into the swap agreement, and notwithstanding the failure by the state educational institution to comply with the provisions of this chapter, that party may enforce the swap agreement against the state educational institution, subject to the terms of the swap agreement and subject to prior claims on sources from which the swap agreement may be payable.
[Pre-2007 Higher Education Recodification Citation: 20-12-1.3-8.]
As added by P.L.2-2007, SEC.270.
IC 21-30ARTICLE 30. STATE EDUCATIONAL INSTITUTIONS: DONATIONS; GIFTS, BEQUESTS, AND DEVISES
Ch. 1.General Provisions; Definitions Ch. 2.Gift Annuities; Restrictions on Gifts; Gifts for a Permanent Endowment Ch. 3.Gifts, Bequests, and Devises; Annuity Gifts; State Educational Institutions Other Than Ivy Tech Community College and Vincennes University Ch. 4.Gifts, Bequests, and Devises; Ivy Tech Community College Ch. 5.Gifts, Bequests, and Devises; Vincennes University Ch. 6.Repealed Ch. 7.Disclosure of Foreign Gifts and Contracts
IC 21-30-1Chapter 1. General Provisions; Definitions
21-30-1-1Definitions 21-30-1-2"Board of trustees"
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 21-29-3-5
What does Indiana Code § 21-29-3-5 cover?
Section 21-29-3-5 ("Enforcement of swap agreements") 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 § 21-29-3-5?
A common citation format is "Indiana Code § 21-29-3-5" (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 § 21-29-3-5 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.