Indiana § 14-39-1-9 Compensation for exercise of eminent domain by pipeline company

Indiana Statutes

§ 14-39-1-9 — Compensation for exercise of eminent domain by pipeline company

Indiana·Art. 39 CARBON DIOXIDE·Ch. 1 Eminent Domain for Pipeline Transportation or

A carbon dioxide transmission pipeline company that exercises the authority set forth in section 7(a) of this chapter shall:

(1)compensate the property owner by making a payment to the owner equal to:

(A)one hundred twenty-five percent (125%) of the fair market value of the interest in the property acquired, if the right-of-way or easement involves agricultural land; or

(B)one hundred fifty percent (150%) of the fair market value of the interest in the property acquired, if the right-of-way or easement involves a parcel of property occupied by the owner as a residence; and

(2)pay to the property owner:

(A)any damages determined under IC 32-24-1; and

(B)any loss incurred in a trade or business; that are attributable to the exercise of eminent domain.

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A carbon dioxide transmission pipeline
company that exercises the authority set forth in section 7(a) of this
chapter shall:
(1) compensate the property owner by making a payment to the
owner equal to:
(A) one hundred twenty-five percent (125%) of the fair market
value of the interest in the property acquired, if the right-of-way
or easement involves agricultural land; or
(B) one hundred fifty percent (150%) of the fair market value
of the interest in the property acquired, if the right-of-way or
easement involves a parcel of property occupied by the owner
as a residence; and
(2) pay to the property owner:
(A) any damages determined under IC 32-24-1; and
(B) any loss incurred in a trade or business;
that are attributable to the exercise of eminent domain.

Indiana § 14-39-1-9 (Compensation for exercise of eminent domain by pipeline company) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.