Indiana § 36-7-17-12 Property not applied for in successive drawings; sale; disposition of
proceeds

Indiana Statutes

§ 36-7-17-12 — Property not applied for in successive drawings; sale; disposition of proceeds

Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 17 Urban Homesteading

(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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(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.

Indiana § 36-7-17-12 (Property not applied for in successive drawings; sale; disposition of proceeds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.