Indiana § 36-7-17-8 Conveyances; effect of purchaser's failure to fulfill agreement;
subordination of agency's interest to financial institutions or persons
lending money

Indiana Statutes

§ 36-7-17-8 — Conveyances; effect of purchaser's failure to fulfill agreement; subordination of agency's interest to financial institutions or persons lending money

Indiana § 36-7-17-8

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 17Urban Homesteading

This text of Indiana § 36-7-17-8 (Conveyances; effect of purchaser's failure to fulfill agreement; subordination of agency's interest to financial institutions or persons lending money) 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 § 36-7-17-8 (2026).

Text

Before the vesting of a fee simple title in the
purchaser, any material failure by the purchaser to carry out the
agreement entered into under section 6 of this chapter nullifies the
agreement and all right, title, and interest in the property immediately
reverts to the agency, except that the agency may grant the purchaser
a specified period, not to exceed two (2) years, to come into
compliance with the terms of the agreement. The agency may
subordinate its interest under the terms of the agreement to financial
institutions or persons lending money to the purchaser for the purpose
of allowing the purchaser to fulfill the terms of the conveyance.
[Pre-Local Government Recodification Citation:
18-7-21-7.]
As added by Acts 1981, P.L.309, SEC.36.

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Before the vesting of a fee simple title in the
purchaser, any material failure by the purchaser to carry out the
agreement entered into under section 6 of this chapter nullifies the
agreement and all right, title, and interest in the property immediately
reverts to the agency, except that the agency may grant the purchaser
a specified period, not to exceed two (2) years, to come into
compliance with the terms of the agreement. The agency may
subordinate its interest under the terms of the agreement to financial
institutions or persons lending money to the purchaser for the purpose
of allowing the purchaser to fulfill the terms of the conveyance.
[Pre-Local Government Recodification Citation:
18-7-21-7.]
As added by Acts 1981, P.L.309, SEC.36.