Indiana § 36-5-1-11 - Liability for existing indebtedness or other obligations; payment to township
Full text of Indiana Indiana Code § 36-5-1-11 — Liability for existing indebtedness or other obligations; payment to township, with citation guidance and answers to common questions.
§ 36-5-1-11. Liability for existing indebtedness or other obligations; payment to township
Sec. 11. (a) If the township in which a new town is incorporated is indebted or has outstanding unpaid bonds or other obligations at the time of the incorporation, the town is liable for and shall pay that indebtedness in the same ratio as the assessed valuation of the property in the town bears to the assessed valuation of all property in the township, as shown by the most recent assessment for taxation before the incorporation, unless the assessed property within the town is already liable for the indebtedness.
(b) The town 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 township 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 part.]
As added by Acts 1980, P.L.212, SEC.4.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-5-1-11
What does Indiana Code § 36-5-1-11 cover?
Section 36-5-1-11 ("Liability for existing indebtedness or other obligations; payment to township") 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 § 36-5-1-11?
A common citation format is "Indiana Code § 36-5-1-11" (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 § 36-5-1-11 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.