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Terms Used In Indiana Code 13-11-2-63.7

  • ELTF: as used in this chapter and IC 13-23, refers to the petroleum storage tank excess liability trust fund established by IC 13-23-7-1. See Indiana Code 13-11-2-63.5
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
   Sec. 63.7. “ELTF indemnity claim”, as used in IC 13-23, means any ELTF claim for the indemnification of a third party.

As added by P.L.96-2016, SEC.6.