Indiana Code 8-1-32.5-10. Sale, assignment, lease, or transfer of certificate; encumbrance of certificate
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Sec. 10. Subject to any notice requirements adopted by the commission under section 12 of this chapter, a certificate issued under this chapter may be:
(2) included in the property and rights encumbered under any indenture of mortgage or deed of trust of the holder.
(1) sold, assigned, leased, or transferred by the holder to any communications service provider to which a certificate of territorial authority may be lawfully issued under this chapter; or
Terms Used In Indiana Code 8-1-32.5-10
- commission: refers to the Indiana utility regulatory commission created by IC 8-1-1-2. See Indiana Code 8-1-32.5-2
- communications service: refers to any of the following:
Indiana Code 8-1-32.5-3
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
As added by P.L.27-2006, SEC.55.