Sec. 31. Upon an application the circuit court, superior court, or probate court: (1) may appoint; and (2) shall appoint, if the application is made by the holders or a trustee of the holders of twenty-five percent (25%) in principal amount of the bonds, notes, or other evidences of indebtedness then outstanding; a receiver of the water facilities. [Pre-1995 Recodification Citation: 13-3-4-13(a) part.] As added by P.L.1-1995, SEC.26. Amended by P.L.84-2016, SEC.83.
IC 14-33-20-32 Receiver taking possession of water facilities Sec. 32. A receiver appointed under this chapter: (1) shall directly or by the receiver's agents and attorneys enter upon and take possession of the water facilities for which the revenues are pledged; and (2) may exclude: (A) the board; (B) the board's officers, agents, and employees; and (C) all persons claiming under the board or the board's officers, agents, or employees. [Pre-1995 Recodification Citation: 13-3-4-13(b) part.] As added by P.L.1-1995, SEC.26.