{"data":{"id":"us-in/ic-27-9-3.1-11","jurisdiction":"us-in","citation":"IC 27-9-3.1-11","heading":"\"Walkaway clause\"","body":"Sec. 11. As used in this chapter, \"walkaway clause\" means a provision in a netting agreement or qualified financial contract that, after calculation of the value of a party's position or an amount due to or from a party under the netting agreement or qualified financial contract upon termination, liquidation, or acceleration of the netting agreement or qualified financial contract, either:\n(1) does not create a payment obligation of a party; or\n(2) voids any part of a payment obligation of a party;\nsolely because of the party's status as a nondefaulting party.","path":["TITLE 27. INSURANCE","ARTICLE 9. SUPERVISION; REHABILITATION; LIQUIDATION","Chapter 3.1. Treatment of Certain Agreements"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-9-3.1-11","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"3fd769e1f442e7342043c77f5c2f877af23fd3ef565d268d896af24c2b8d69ea","source_id":"us-in","stale":false,"prev":"us-in/ic-27-9-3.1-10","next":"us-in/ic-27-9-3.1-12"},"notice":"GroundRules: Original legal text. Not legal advice."}