Indiana § 32-17-5-3 Investment of proceeds

Indiana Statutes

§ 32-17-5-3 — Investment of proceeds

Indiana·Title 32 PROPERTY·Art. 17 INTERESTS IN PROPERTY·Ch. 5 Partition Investment Limitations

If the court decrees a sale, exchange, or lease under section 2 of this chapter, the court shall direct the investment of the proceeds of the:

(1)sale;

(2)terms of the instrument of exchange or lease; or

(3)limitations of the reversion and rents and income; so as to inure as by the original grant, devise, or condition to the use of the same parties who would be entitled to the property sold or leased or the income of the personal property. [Pre-2002 Recodification Citation: 32-4-8-1 part.]

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If the court decrees a sale, exchange, or lease
under section 2 of this chapter, the court shall direct the investment of
the proceeds of the:
(1) sale;
(2) terms of the instrument of exchange or lease; or
(3) limitations of the reversion and rents and income;
so as to inure as by the original grant, devise, or condition to the use of
the same parties who would be entitled to the property sold or leased
or the income of the personal property.
[Pre-2002 Recodification Citation: 32-4-8-1 part.]

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