Indiana § 36-1-11-15 Tract transferred as gift by not-for-profit corporation or organization;
reconveyance

Indiana Statutes

§ 36-1-11-15 — Tract transferred as gift by not-for-profit corporation or organization; reconveyance

Indiana·Title 36 LOCAL GOVERNMENT·Art. 1 GENERAL PROVISIONS·Ch. 11 Disposal of Real or Personal Property

If a tract was originally transferred to a political subdivision as a gift by a not-for-profit corporation or organization, the disposing agent may convey it back to the original grantor or the grantor's successors with their consent without consideration upon a determination by the disposing agent that:

(1)the property is surplus; and

(2)the original grantor or the grantor's successors are eligible to receive the tract under section 16 of this chapter.

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If a tract was originally transferred to a
political subdivision as a gift by a not-for-profit corporation or
organization, the disposing agent may convey it back to the original
grantor or the grantor's successors with their consent without
consideration upon a determination by the disposing agent that:
(1) the property is surplus; and
(2) the original grantor or the grantor's successors are eligible to
receive the tract under section 16 of this chapter.

Indiana § 36-1-11-15 (Tract transferred as gift by not-for-profit corporation or organization; reconveyance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.