Effect of order on prior transactions

Sec. 16. A commission order under section 15 of this chapter does not affect a contract, a sale, an encumbrance, or a lease that: (1) was consummated before the commission issued the order; and (2) involved a bona fide purchaser, an encumbrancer, or a tenant who did not have actual notice of the finding of reasonable cause filed under this article. As added by P.L.66-1990, SEC.2. Amended by P.L.1-1991, SEC.154.