§ 36-1-11-16 — Bid, purchase, receipt, or lease of property by ineligible persons; effect of ineligibility

(a) This section applies to the following:
(1) A person who owes delinquent taxes, special assessments,
penalties, interest, or costs directly attributable to a prior tax sale
on a tract of real property listed under IC 6-1.1-24-1.
(2) A person who is an agent of the person described in
subdivision (1).
(3) A person who has any of the following relationships to a
person, partnership, corporation, or legal entity described in
subdivision (1):
(A) A partner of a partnership.
(B) A member of a limited liability company.
(C) An officer, director, or majority stockholder of a
corporation.
(D) The person who controls or directs the activities or has a
majority ownership in a legal entity other than a partnership or
corporation.
(b) A person subject to this section may not bid on, purchase,
receive, or lease a tract that is offered in a sale, exchange, or lease
under this chapter.
(c) If a person purchases, receives, or leases a tract that the person
was not eligible to purchase, receive, or lease under this section, the
sale, transfer, or lease of the property is void and the county retains the
interest in the tract it possessed before the sale, transfer, or lease of the
tract.

Legislative History

As added by P.L.60-1988, SEC.36. Amended by P.L.342-1989(ss), SEC.37; P.L.98-2000, SEC.18; P.L.159-2020, SEC.75.