§ 36-7-38-16 — Prohibited buyers; delinquent taxpayers

Indiana § 36-7-38-16

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 38: Land Banks

Text

(a) This section applies to the following:
(1) A person who owes:
(A) delinquent taxes;
(B) special assessments;
(C) penalties;
(D) interest;
(E) costs directly attributable to a prior tax sale, if the tax sale
occurs before July 1, 2016; or
(F) costs attributable to a prior tax sale or tax delinquency, if
the tax sale occurs after June 30, 2016;
on a tract of real property listed under IC 6-1.1-24-1.
(2) A person who is an agent of the person described in
subdivision (1).
(b) A person subject to this section may not purchase, receive, or
lease a tract that is offered by a land bank in a sale, exchange, or lease
under this chapter.
(c) If a person purchases, receives, or leases a tract that the person
was not eligible to purchase, receive, or lease under this section, the
sale, transfer, or lease of the property is void and the land bank retains
the interest in the tract that the land bank possessed before the sale,
transfer, or lease of the tract.

Legislative History

As added by P.L.211-2016, SEC.1.