Foreclosure and receivership.
Indianapolis-Marion County Revised Code § 645-137
in effectSec. 645-137. - Foreclosure and receivership.
(a) Upon the foreclosure or other judicial sale of any registrant's facilities located within the public rights-of-way, the registrant shall notify the director of the department of public works of such fact and its registration statement shall be deemed void and of no further force or effect.
(b) The consolidated city shall have the right to revoke, pursuant to the provisions of section 645-128 any registration statement, subject to any applicable provisions of law, one hundred-twenty (120) days after the appointment of a receiver or trustee to take over and conduct the business of the registrant, whether in receivership, reorganization bankruptcy or other action or proceeding, unless such receivership or trusteeship shall have been vacated prior to the expiration of the one hundred twenty-day period, or unless, within one hundred twenty (120) days after election or appointment, such receiver or trustee shall have fully complied with all of the provisions of this article and remedied any violations hereof.
(G.O. 85, 1998, § 1; G.O. 15, 2001, § 97)
Source: Consolidated City of Indianapolis and Marion County, Revised Code (Municode Library, library.municode.com)URL: https://library.municode.com/in/indianapolis_-_marion_county/codes/code_of_ordinances?nodeId=TITIIIPUHEWE_CH645PURI-W_ARTIOCRE_DIV3REEN_S645-137FOREFetched: 10/27/2026