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.
Last modified: May 27, 2006