Indiana § 28-10-2-11 - "LIBOR replacement date"
Full text of Indiana Indiana Code § 28-10-2-11 — "LIBOR replacement date", with citation guidance and answers to common questions.
§ 28-10-2-11. "LIBOR replacement date"
Sec. 11. (a) As used in this chapter, "LIBOR replacement date" means the following:
(1) In the case of a LIBOR discontinuance event described in section 10(a)(1) or 10(a)(2) of this chapter, the later of:
(A) the date of the public statement or publication of information described in section 10(a)(1) or 10(a)(2) of this chapter, as applicable; or
(B) the date on which the administrator of LIBOR permanently or indefinitely ceases to provide LIBOR.
(2) In the case of a LIBOR discontinuance event described in section 10(a)(3) of this chapter, the date of the public statement or publication of information described in section 10(a)(3) of this chapter.
(b) With respect to a particular contract, security, or instrument, the term does not include a date that affects one (1) or more tenors of LIBOR in either of the following circumstances:
(1) If:
(A) the contract, security, or instrument:
(i) provides for only one (1) tenor of LIBOR; and
(ii) requires interpolation; and
(B) the tenor provided for can be interpolated from LIBOR tenors that are not affected on the date.
(2) If:
(A) the contract, security, or instrument permits a party to choose from more than one (1) tenor of LIBOR; and
(B) any of the specified tenors:
(i) is not affected on the date; or
(ii) can be interpolated from LIBOR tenors that are not affected on the date, if the contract, security, or instrument requires interpolation.
As added by P.L.67-2022, SEC.1.
Frequently Asked Questions About Indiana § 28-10-2-11
What does Indiana Code § 28-10-2-11 cover?
Section 28-10-2-11 (""LIBOR replacement date"") 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 § 28-10-2-11?
A common citation format is "Indiana Code § 28-10-2-11" (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 § 28-10-2-11 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.