Ind. Code § 22-9.5-6-16 – Effect of order on prior transactions | Midpage
§ 16
Ind. Code § 22-9.5-6-16
Effect of order on prior transactions
As added by P.L.66-1990, SEC.2. Amended by P.L.1-1991, SEC.154.
A commission order under section 15 of this chapter does not affect a contract, a sale, an encumbrance, or a lease that:
(1) was consummated before the commission issued the order; and
(2) involved a bona fide purchaser, an encumbrancer, or a tenant who did not have actual notice of the finding of reasonable cause filed under this article.
As added by P.L.66-1990, SEC.2. Amended by P.L.1-1991, SEC.154.