Indiana § 36-7-38-8 Powers

Indiana Statutes

§ 36-7-38-8 — Powers

Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 38 Land Banks

Except as otherwise provided in this chapter, a land bank is granted all powers necessary, convenient, or appropriate to carry out and effectuate the land bank's public and corporate purposes, which include the power to do the following:

(1)Sue or be sued in the land bank's own name.

(2)Enter into contracts.

(3)Establish accounts with financial institutions.

(4)Acquire, lease, improve, repair, renovate, and dispose of property.

(5)Borrow money, including issue bonds.

(6)Pledge collateral.

(7)Make investments.

(8)Hire employees, including an executive director.

(9)Procure insurance.

Free access — add to your briefcase to read the full text and ask questions with AI

Except as otherwise provided in this chapter,
a land bank is granted all powers necessary, convenient, or appropriate
to carry out and effectuate the land bank's public and corporate
purposes, which include the power to do the following:
(1) Sue or be sued in the land bank's own name.
(2) Enter into contracts.
(3) Establish accounts with financial institutions.
(4) Acquire, lease, improve, repair, renovate, and dispose of
property.
(5) Borrow money, including issue bonds.
(6) Pledge collateral.
(7) Make investments.
(8) Hire employees, including an executive director.
(9) Procure insurance.

Indiana § 36-7-38-8 (Powers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.