"Fallback provisions"

Ind. Code § 28-10-2-8
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 8. As used in this chapter, "fallback provisions" means terms that are included in a contract, security, or instrument and that set forth a methodology or procedure for determining a benchmark replacement, including any terms relating to the effective date of the benchmark replacement, regardless of whether a benchmark replacement can be determined in accordance with the specified methodology or procedure. As added by P.L.67-2022, SEC.1.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/28Fetched: 10/17/2026

Starting a business in Indiana? Indiana LLC guide: costs and requirements