Section 9.28.400 Administrative enforcement--Certain contracts, sales, encumbrances or leases unaffected by order.

9.28.400 Administrative enforcement—Certain contracts, sales, encumbrances or leases unaffected by order.
    A commission order under Section 9.28.390 does not affect a contract, a sale, an encumbrance or a lease that:
    A.    Was consummated before the commission issued the order; and
    B.    Involved a bona fide purchaser, an encumbrancer, or a tenant who did not have actual notice of the finding of probable cause filed under this chapter. (Ord. 92-45 (part), 1992; prior code § 12-3.5-5-16)



(3/96 fix2, Amended, 03/29/1996)