Indiana Statutes
§ 15-14-1-7 — Restrictions on property ownership
(a)The amount of real estate that a corporation
incorporated under this chapter may purchase or own may not exceed:
(1)one hundred sixty (160) acres; and
(2)five hundred thousand dollars ($500,000) in value.
(b)A corporation incorporated under this chapter may sell any land
that it possesses or may possess.
[Pre-2008 Recodification Citations: subsection (a) formerly
15-1-2-6 part; subsection (b) formerly 15-1-2-10.]
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Legislative History
As added by P.L.2-2008, SEC.5.
Nearby Sections
15
§ 15-10-1-1
"Prior law"§ 15-10-1-2
Purpose of recodification§ 15-10-1-3
Statutory construction of recodification§ 15-10-1-4
Effect of recodification§ 15-10-1-5
Recodification of prior law§ 15-10-1-6
References to repealed statutes§ 15-10-1-7
References to citations§ 15-10-1-8
References to prior rules§ 15-10-1-9
References to prior law§ 15-11-1-1
Application of definitions§ 15-11-1-2
"Department"§ 15-11-1-3
"Director"§ 15-11-1-4
"Division"§ 15-11-1-5
"Secretary"§ 15-11-12-1
"Commission"