Indiana Statutes
§ 20-47-3-7 — Permissible provisions of lease; payment of taxes; insurance
Indiana·Title 20 EDUCATION·Art. 47 RELATED ENTITIES; HOLDING COMPANIES;·Ch. 3 Private Holding Companies
A lease entered into under this chapter may provide that as a part of the lease rental for the school building or buildings the lessee or lessees shall:
(1)pay all taxes and assessments levied against or on account of
the leased property;
(2)maintain insurance on the leased property for the benefit of
the lessor corporation; and
(3)assume all responsibilities for repair and alterations of the
leased property during the term of the lease.
[Pre-2006 Recodification Citation: 21-5-12-5.]
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Legislative History
As added by P.L.2-2006, SEC.170.
Nearby Sections
15
§ 20-17-1-1
"Prior law"§ 20-17-1-2
Purpose of recodification§ 20-17-1-3
Statutory construction of recodification§ 20-17-1-4
Effect of recodification§ 20-17-1-5
Recodification of prior law§ 20-17-1-6
References to repealed statutes§ 20-17-1-7
References to citations§ 20-17-1-8
References to prior rules§ 20-17-1-9
References to prior law§ 20-17-2-1
"Prior law"§ 20-17-2-2
Purpose of recodification§ 20-17-2-3
Statutory construction of recodification§ 20-17-2-4
Effect of recodification§ 20-17-2-5
Recodification of prior law§ 20-17-2-6
References to repealed statutes