Indiana § 36-7-38-3 Bylaws

Indiana Statutes

§ 36-7-38-3 — Bylaws

Indiana § 36-7-38-3

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 38Land Banks

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Bluebook

Ind. Code § 36-7-38-3 (2026).

Text

The bylaws of the land bank must require the board of the land bank to:

(1)approve any purchase, transfer, or lease of real property held by the land bank in an open meeting of the board; and

(2)consider any pertinent information before approving the purchase, transfer, or lease including:

(A)the assessed value of the real property;

(B)any factors that may affect the current value of the real property; and

(C)the financial ability of the person to fulfill the conditions of the purchase, transfer, or lease.

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The bylaws of the land bank must require the
board of the land bank to:
(1) approve any purchase, transfer, or lease of real property held
by the land bank in an open meeting of the board; and
(2) consider any pertinent information before approving the
purchase, transfer, or lease including:
(A) the assessed value of the real property;
(B) any factors that may affect the current value of the real
property; and
(C) the financial ability of the person to fulfill the conditions of
the purchase, transfer, or lease.