Indiana § 36-4-3-10 - Liability of annexing municipality for indebtedness or other obligations of township; payment
Full text of Indiana Indiana Code § 36-4-3-10 — Liability of annexing municipality for indebtedness or other obligations of township; payment, with citation guidance and answers to common questions.
§ 36-4-3-10. Liability of annexing municipality for indebtedness or other obligations of township; payment
Sec. 10. (a) If the township from which a municipality annexes territory is indebted or has outstanding unpaid bonds or other obligations at the time of the annexation, the municipality is liable for and shall pay that indebtedness in the same ratio as the assessed valuation of the property in the annexed territory bears to the assessed valuation of all property in the township, as shown by the most recent assessment for taxation before the annexation, unless the assessed property within the municipality is already liable for the indebtedness.
(b) The annexing municipality shall pay its indebtedness under this section to the township executive. If the indebtedness consists of outstanding unpaid bonds or notes of the township, the payments to the executive shall be made as the principal or interest on the bonds or notes becomes due.
[Pre-Local Government Recodification Citation: 18-5-10-28.]
As added by Acts 1980, P.L.212, SEC.3.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-4-3-10
What does Indiana Code § 36-4-3-10 cover?
Section 36-4-3-10 ("Liability of annexing municipality for indebtedness or other obligations of township; payment") 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 § 36-4-3-10?
A common citation format is "Indiana Code § 36-4-3-10" (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 § 36-4-3-10 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.