"Benchmark replacement"
Ind. Code § 28-10-2-3
in effectSec. 3. As used in this chapter, "benchmark replacement" means:
(1) a benchmark;
(2) an interest rate; or
(3) a dividend rate;
that may or may not be based in whole or in part on a prior setting of LIBOR, and that replaces LIBOR (or any interest rate or dividend rate based on LIBOR), whether on a temporary, permanent, or indefinite basis, under or with respect to a contract, security, or instrument.
As added by P.L.67-2022, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026