Indiana § 28-10-2-7 - "Determining person"
Full text of Indiana Indiana Code § 28-10-2-7 — "Determining person", with citation guidance and answers to common questions.
§ 28-10-2-7. "Determining person"
Sec. 7. As used in this chapter, "determining person", with respect to a particular contract, security, or instrument, means:
(1) a person specified as the determining person with respect to the contract, security, or instrument; or
(2) if there is not a person specified as the determining person with respect to the contract, security, or instrument, the following, in order of priority:
(A) A person with the authority, right, or obligation to determine the benchmark replacement that will take effect on the LIBOR replacement date.
(B) If there is not a person described in clause (A) with respect to the contract, security, or instrument, a person with the authority, right, or obligation to calculate or determine a valuation, payment, or other measurement based on a benchmark.
(C) If there is not a person described in clause (A) or (B) with respect to the contract, security, or instrument, a person with the authority, right, or obligation to notify other persons of the occurrence of a LIBOR discontinuance event, a LIBOR replacement date, or a benchmark replacement.
As added by P.L.67-2022, SEC.1.
Frequently Asked Questions About Indiana § 28-10-2-7
What does Indiana Code § 28-10-2-7 cover?
Section 28-10-2-7 (""Determining person"") 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 § 28-10-2-7?
A common citation format is "Indiana Code § 28-10-2-7" (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 § 28-10-2-7 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.