§ 10-16-3-14 — Sale of real property; appraisement

Indiana § 10-16-3-14

• Jurisdiction: Indiana
• Title 10: PUBLIC SAFETY
• Art. 16: INDIANA MILITARY CODE
• Ch. 3: State Armory Board

Text

(a) If the state armory board sells any real
property, the value of the property shall be determined by three (3)
disinterested appraisers appointed by the state armory board with the
approval of the governor.
(b) Real property may not be sold for less than the appraised value
of the real property. If the real property cannot be sold at its appraised
value, it may be reappraised.
(c) Real property may not be sold unless:
(1) the governor approves the sale; and
(2) the attorney general states in writing that all the conditions
necessary to the legal and valid sale of the property have been
fully complied with.
[Pre-2003 Recodification Citation: 10-2-2-19.]

Legislative History

As added by P.L.2-2003, SEC.7. Amended by P.L.38-2011, SEC.9.