Indiana Code 5-1.3-1-8. Contesting the validity of an action
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Sec. 8. (a) An action to contest the validity of any action taken under this article may not be brought after the fifteenth day following the date the resolution of:
(2) the NWIRDA; or
(1) the IFA;
Terms Used In Indiana Code 5-1.3-1-8
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(3) the NICTD;
is adopted approving the action taken, provided the applicable statutory procedures have been completed.
(b) If an action challenging an action taken under this article is not brought within the time prescribed by this section, the lease, contract, bonds, notes, obligations, or other action taken shall be conclusively presumed to be fully authorized and valid under the laws of the state and any person is estopped from further questioning the authorization, validity, execution, delivery, or issuance of the lease, contract, bonds, notes, obligations, or other action.
As added by P.L.189-2018, SEC.26.