Indiana Statutes
§ 36-7-17-12 — Property not applied for in successive drawings; sale; disposition of proceeds
Indiana § 36-7-17-12
This text of Indiana § 36-7-17-12 (Property not applied for in successive drawings; sale; disposition of proceeds) 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 § 36-7-17-12 (2026).
Text
(a)A property for which no one applies in
two (2) successive drawings held under this chapter may be sold at
public auction to the highest bidder.
(b)The proceeds of the sale of real property acquired under IC 6-1.1-25-7.5 shall be applied to the cost of the sale, including
advertising and appraisal.
(c)If any proceeds remain after payment of the costs under
subsection (b), the proceeds shall be applied to the payment of taxes
removed from the tax duplicate under IC 6-1.1-25-7.5(e).
(d)If any proceeds remain after payment of the taxes under
subsection (c), the proceeds shall be deposited in the county general
fund.
[Pre-Local Government Recodification Citation:
18-7-21-11.]
As added by Acts 1981, P.L.309, SEC.36. Amended by
P.L.87-1987, SEC.12; P.L.169-2006, SEC.77.
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Nearby Sections
15
§ 36-1-10-1
Application of chapter§ 36-1-10-10
Plans, specifications, and estimates for structures, systems, and
transportation projects§ 36-1-10-11
Property held in fee simple; sale procedure§ 36-1-10-12
Lease in anticipation of acquisition or construction of structure, system,
or transportation project§ 36-1-10-13
Hearing; procedure; execution of lease§ 36-1-10-17
Annual appropriation and tax levy§ 36-1-10-18
Tax exemption of leased structures, systems, and transportation
projects; taxation of rental paid lessor§ 36-1-10-19
Assignment or conveyance of lease; conveyance of structure, system,
or transportation project§ 36-1-10-2
Definitions§ 36-1-10-20
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Bluebook (online)
Indiana § 36-7-17-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/36-7-17-12.