Sec. 6. A claimant compensated under this chapter is required to subrogate to the board or corporation all the claimant's rights to collect on a bond issued under IC 26-3-7 or the United States Warehouse Act and all the claimant's rights to any other compensation arising from the failure of the grain buyer or warehouse operator. The claimant shall assign all the claimant's rights, title, and interest in any judgment concerning the failure to the board or corporation.
As added by P.L.250-1995, SEC.1. Amended by P.L.173-1999, SEC.20; P.L.75-2010, SEC.30; P.L.145-2017, SEC.22.
Structure Indiana Code
Article 4. Grain Indemnity Program
Chapter 6. Payments to Producers Under the Grain Indemnity Program
26-4-6-1. Restrictions on Use of Fund; Nonseverability of Provision
26-4-6-3. Compensation From Fund; Extension
26-4-6-4. Percentage of Compensation; Partial Payments
26-4-6-6. Subrogation of Claim
26-4-6-8. Duties of Board Following Failure to Pay by Warehouse or Grain Buyer