Effect of order on prior transactions

Ind. Code § 22-9.5-6-16
in effect
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Sec. 16. 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/22Fetched: 10/17/2026