Sec. 10. (a) An indemnification agreement, a hold harmless agreement, or other similar agreement or conveyance is not effective to transfer the liability imposed under section 8 of this chapter from:

(1) the owner or operator of an:

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Terms Used In Indiana Code 13-23-13-10

  • 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
(A) underground storage tank; or

(B) aboveground storage tank; or

(2) any person who may be liable for a release or threat of release under this article;

to any other person.

     (b) This section does not bar an agreement to:

(1) insure;

(2) hold harmless; or

(3) indemnify;

a party to an agreement for any liability under this article.

[Pre-1996 Recodification Citation: 13-7-20-23(a).]

As added by P.L.1-1996, SEC.13. Amended by P.L.176-2023, SEC.57.

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