Indiana § 36-1-11-3.1 Sale of residential real property; disapproval

Indiana Statutes

§ 36-1-11-3.1 — Sale of residential real property; disapproval

Indiana § 36-1-11-3.1

Title 36LOCAL GOVERNMENT

Art. 1GENERAL PROVISIONS

Ch. 11Disposal of Real or Personal Property

This text of Indiana § 36-1-11-3.1 (Sale of residential real property; disapproval) 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 § 36-1-11-3.1 (2026).

Text

1.

(a)In addition to any other reason for disapproving a disposal of property under section 3 of this chapter, the executive of a consolidated city may disapprove a sale of a tract of residential property to any bidder who does not by affidavit declare that:

(1)the bidder will reside on that property for at least one (1) year after the bidder obtains possession of it; and

(2)the bidder is eligible to purchase the property under section 16 of this chapter.

(b)When the executive exercises disapproval under this section, the property may be sold to the highest bidder who also presents an affidavit declaring that:

(1)the bidder will reside on that property for a one (1) year period after the bidder obtains possession; and

(2)the bidder is eligible to purchase the property under section 1

Free access — add to your briefcase to read the full text and ask questions with AI

1. (a) In addition to any other reason for
disapproving a disposal of property under section 3 of this chapter, the
executive of a consolidated city may disapprove a sale of a tract of
residential property to any bidder who does not by affidavit declare
that:
(1) the bidder will reside on that property for at least one (1) year
after the bidder obtains possession of it; and
(2) the bidder is eligible to purchase the property under section 16
of this chapter.
(b) When the executive exercises disapproval under this section, the
property may be sold to the highest bidder who also presents an
affidavit declaring that:
(1) the bidder will reside on that property for a one (1) year period
after the bidder obtains possession; and
(2) the bidder is eligible to purchase the property under section 16
of this chapter.
As added by Acts 1981, P.L.306, SEC.1. Amended by
P.L.60-1988, SEC.24.