Failure to correct breaches; additional penalties

Ind. Code § 16-28-5-10
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 10. If: (1) a breach is not corrected within the time fixed by the order of correction or is not corrected within the time fixed by the plan of correction; and (2) an extension has not been granted under section 9 of this chapter; the commissioner may find a new breach that may be subject to the imposition of additional penalties as the class would warrant. [Pre-1993 Recodification Citation: 16-10-4-17(f).] As added by P.L.2-1993, SEC.11.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/16Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements