{"data":{"id":"us-in/ic-8-1-40.5-14","jurisdiction":"us-in","citation":"IC 8-1-40.5-14","heading":"Transfer of securitization property","body":"Sec. 14. (a) If an agreement by an electric utility or an assignee to transfer securitization property expressly states that the transfer is a sale or is otherwise an absolute transfer:\n(1) the resulting transaction:\n(A) is a true sale; and\n(B) is not a secured transaction; and\n(2) title, both legal and equitable, passes to the person to which the securitization property is transferred.\n(b) A transaction resulting from an agreement described in subsection (a) is a true sale regardless of:\n(1) whether the purchaser has any recourse against the seller; or\n(2) any other term of the agreement, including the following:\n(A) The seller's retention of an equity interest in the securitization property.\n(B) The fact that the electric utility acts as a collector of securitization charges relating to the securitization property.\n(C) The treatment of the transfer as a financing for tax, financial reporting, or other purposes.","path":["TITLE 8. UTILITIES AND TRANSPORTATION","ARTICLE 1. UTILITIES GENERALLY","Chapter 40.5. Pilot Program for Cost Securitization for Retired Electric Utility Assets"],"source_url":"https://iga.in.gov/ic/2026/Title_8.html#8-1-40.5-14","current_through":"2026","vintage":"2026","retrieved_at":"2026-10-04T20:08:46Z","sha256":"eac93451eedf6741286b16416cdd78946c33ad50965ad1193d1094ea186555f6","source_id":"us-in","stale":false,"prev":"us-in/ic-8-1-40.5-13","next":"us-in/ic-8-1-40.5-15"},"notice":"GroundRules: Original legal text. Not legal advice."}