Indiana § 28-10-2-20 - Certain agreements, contracts, securities, and instruments not affected
Full text of Indiana Indiana Code § 28-10-2-20 — Certain agreements, contracts, securities, and instruments not affected, with citation guidance and answers to common questions.
§ 28-10-2-20. Certain agreements, contracts, securities, and instruments not affected
Sec. 20. This chapter does not alter or impair any of the following:
(1) Any written agreement by all requisite parties that, retrospectively or prospectively, a contract, security, or instrument is not subject to any provisions set forth in this chapter, regardless of whether the written agreement refers specifically to this chapter. For purposes of this subdivision, "all requisite parties" means all parties required to amend the terms and provisions of a contract, security, or instrument that, but for a written agreement described in this subdivision, would otherwise be altered or affected by this chapter.
(2) Any contract, security, or instrument that contains fallback provisions that would result in a benchmark replacement that is not based on LIBOR, including any benchmark replacement that is based on the prime rate or on the federal funds rate. However, a contract, security, or instrument described in this subdivision is subject to section 17(b) of this chapter.
(3) Any contract, security, or instrument described in section 18(a) of this chapter and with respect to which:
(A) a determining person does not elect to use the recommended benchmark replacement under section 18(b) of this chapter; or
(B) a determining person elects to use the recommended benchmark replacement before the occurrence of a LIBOR discontinuance event.
However, a contract, security, or instrument described in this subdivision is subject to section 17(b) of this chapter.
(4) The application to a recommended benchmark replacement of any cap, floor, modifier, or spread adjustment to which LIBOR had been subject under the terms of a contract, security, or instrument.
As added by P.L.67-2022, SEC.1.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 28-10-2-20
What does Indiana Code § 28-10-2-20 cover?
Section 28-10-2-20 ("Certain agreements, contracts, securities, and instruments not affected") 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 § 28-10-2-20?
A common citation format is "Indiana Code § 28-10-2-20" (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 § 28-10-2-20 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.