Indiana § 36-7-38-8 Powers

Indiana Statutes

§ 36-7-38-8 — Powers

Indiana § 36-7-38-8

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 38Land Banks

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Bluebook

Ind. Code § 36-7-38-8 (2026).

Text

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.

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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.