Indiana Statutes

§ 36-1-11-9 — Trade or exchange as part of purchase price of new property

Indiana·Title 36 LOCAL GOVERNMENT·Art. 1 GENERAL PROVISIONS·Ch. 11 Disposal of Real or Personal Property
Whenever a disposing agent purchases new property with a condition that property of a similar nature is to be traded in or exchanged as part of the purchase and in reduction of the purchase price, the exchange or trade-in may be made without compliance with section 7 of this chapter but must comply with section 16 of this chapter. [Pre-Local Government Recodification Citation: 18-4-5-6 part.] As added by Acts 1981, P.L.57, SEC.37. Amended by P.L.60-1988, SEC.30.

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