1. (a) A public lawsuit may not be brought, and no trial court has jurisdiction of any public lawsuit that is brought:

   1. (1) more than ten (10) days after the first publication required by law for the sale of bonds of a municipal corporation; or

   2. (2) in the case of a lease under IC 20-47-2 , more than ten (10) days after the first publication of notice by any school building corporation for the sale of its bonds;

      but in no case later than the time limited for bringing suit under applicable law.

2. (b) After a public lawsuit is commenced, no other lawsuit relating to the same subject matter may be commenced, and no trial court has jurisdiction of any subsequent lawsuit. No action may be brought except as provided in this chapter if it could have been the subject of a public lawsuit. This chapter does not diminish any right of intervention of any person, or the right of any person to become a named party in the public lawsuit.

3. (c) This section shall not be construed to extend any existing statute of limitations on the bringing of any lawsuit.

   [Pre-1998 Recodification Citation: 34-4-17-8(a).]

As added by P.L.1-1998, SEC.8. Amended by P.L.2-2006, SEC.184.