Indiana § 36-1-11-17 Terms of reconveyance or return

Indiana Statutes

§ 36-1-11-17 — Terms of reconveyance or return

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

If property disposed of under this chapter is
to be reconveyed or automatically returned to the political subdivision
or an agency of a political subdivision that disposed of the property, the
terms of the reconveyance or return shall be as agreed to before the
disposal. If the terms of the reconveyance are not set forth before the
disposal, the political subdivision shall obtain at least two (2)
appraisals and pay not more than the average of the two (2) appraisals.

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If property disposed of under this chapter is
to be reconveyed or automatically returned to the political subdivision
or an agency of a political subdivision that disposed of the property, the
terms of the reconveyance or return shall be as agreed to before the
disposal. If the terms of the reconveyance are not set forth before the
disposal, the political subdivision shall obtain at least two (2)
appraisals and pay not more than the average of the two (2) appraisals.

Indiana § 36-1-11-17 (Terms of reconveyance or return) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.