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Terms Used In Indiana Code 5-1-6-11

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
   Sec. 11. Any issuing body shall have power in connection with the issuance of refunding bonds to appoint a fiscal agent, to provide for the powers, duties and functions and compensations of such fiscal agent, to limit the liabilities of such fiscal agent, to prescribe a method for the resignation, removal, merger or consolidation of such fiscal agent and the appointment of a successor fiscal agent and the transfer of rights and properties to such successor fiscal agent.

[Pre-Local Government Recodification Citation: 19-8-7-11.]

As added by Acts 1980, P.L.8, SEC.10.