§ 14-17-3-5 — Lease or purchase of land by person from whom land acquired

Indiana § 14-17-3-5

• Jurisdiction: Indiana
• Art. 17: PROPERTY ACQUISITION
• Ch. 3: Eminent Domain

Text

(a) This section applies if the department:
(1) acquired land under:
(A) this chapter; or
(B) IC 14-3-1-19 (before its repeal);
after September 1, 1983; and
(2) decides to lease or sell the land for use in a manner identical
or similar to that for which the land was used before the
acquisition.
(b) The person from whom the department acquired the land may,
at the person's option, lease or purchase the land under the same
conditions that the land will be leased or sold by the department if the
person does not exercise the option.
[Pre-1995 Recodification Citation: 14-3-1-19.5.]

Legislative History

As added by P.L.1-1995, SEC.10.