Indiana § 36-10-3-28 - Primary obligation on bond; transfer of powers, duties, liabilities, and other obligations on discontinuation or establishment of new board
Full text of Indiana Indiana Code § 36-10-3-28 — Primary obligation on bond; transfer of powers, duties, liabilities, and other obligations on discontinuation or establishment of new board, with citation guidance and answers to common questions.
§ 36-10-3-28. Primary obligation on bond; transfer of powers, duties, liabilities, and other obligations on discontinuation or establishment of new board
Sec. 28. (a) If a board or district is discontinued under section 3 or 3.1 of this chapter, and a new board or district is not established, the primary obligation on its bonds is not affected, and the unit assumes liability for the payment of the bonds according to their terms.
(b) An ordinance adopted under section 3 or 3.1 of this chapter that discontinues a board or district and establishes a new board or district must provide all of the following:
(1) All powers, duties, and liabilities of the discontinued board or district are transferred to the newly established board or district.
(2) All records and property of each entity, including appropriations and other funds under the control or supervision of the discontinued board or district, are transferred to the newly established board or district.
(3) Any amounts owed to a discontinued board or district before the effective date of the ordinance are considered to be owed to the new board or district.
(4) All powers, duties, and liabilities of a discontinued board or district with respect to bonds issued by that board or district are transferred to the newly established board or district, as the successor board or district. The rights of the bondholders of a discontinued board or district remain unchanged, although the powers, duties, and liabilities of the entity have been transferred to the new board or district, as the successor board or district, as of the effective date of the ordinance adopted under section 3 or 3.1 of this chapter.
[Pre-Local Government Recodification Citation: 19-7-4-43.]
As added by Acts 1981, P.L.309, SEC.110. Amended by P.L.75-2019, SEC.6.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-10-3-28
What does Indiana Code § 36-10-3-28 cover?
Section 36-10-3-28 ("Primary obligation on bond; transfer of powers, duties, liabilities, and other obligations on discontinuation or establishment of new board") 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 § 36-10-3-28?
A common citation format is "Indiana Code § 36-10-3-28" (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 § 36-10-3-28 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.