Yes. Here is the IHSAA bylaws
9-16 Withdrawal from Contests Prohibited
a. After the execution of an IHSAA Contract for Athletic Contest, the competing Schools must honor the terms of such Contract, must fully participate in the Contest, and except as provided in the Exception below, may not withdraw from the Contest.
b. Exception: A School which is a party to an IHSAA Contract for Athletic Contest may withdraw from the Contest if:
(1.) the withdrawing School withdraws because of a situation which is beyond the control of the withdrawing School
(2.) the withdrawing School withdraws with the consent of all Schools to the IHSAA Contract for Athletic Contest; or
(3.) the other School to the Contract for Athletic Contest is found by the IHSAA to have violated rule 20 or has become a direct or indirect beneficiary of a rule 20 violation.
c. A School which withdraws from a Contest in violation of this section may jeopardize its standing in the Association.
9-16.1 Withdrawal from Contests Because of Officials’ Conduct Prohibited Removal of a School athletic team from an athletic Contest due to dissatisfaction with the game officials will jeopardize the standing of the School in the Association.