Indiana § 28-6.1-7-8 Purchasing and constructing buildings to be leased to public authorities

Indiana Statutes

§ 28-6.1-7-8 — Purchasing and constructing buildings to be leased to public authorities

Indiana § 28-6.1-7-8

Art. 6.1SAVINGS BANKS

Ch. 7Powers of a Savings Bank Subject to the Rules of the

This text of Indiana § 28-6.1-7-8 (Purchasing and constructing buildings to be leased to public authorities) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 28-6.1-7-8 (2026).

Text

(a)A savings bank may purchase or construct buildings and hold legal title to a building to be leased to a municipal corporation or other public authority, for public purposes, having resources sufficient to make payment of all rentals as the payments become due.

(b)A lease agreement shall provide that upon expiration, the lessee will become the owner of the building.

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