Indiana Statutes
§ 36-9-37-27 — Disposition of property held by bank or trust company
Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 37 Barrett Law Funding for Municipalities
(a)If property is held by a bank or trust
company under section 25(b)(2) of this chapter, the trust agreement
between the municipality and the bank or trust company may provide
for the sale or conveyance of the property by the bank or trust
company. The sale may not be made for less than the full appraised
value of the property.
(b)The municipality may, in case of a sale, join in the conveyance
of the property.
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Indiana § 36-9-37-27 (Disposition of property held by bank or trust company) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.98-1993, SEC.8.
Nearby Sections
15
§ 36-1-10-1
Application of chapter§ 36-1-10-10
Plans, specifications, and estimates for structures, systems, and
transportation projects§ 36-1-10-11
Property held in fee simple; sale procedure§ 36-1-10-12
Lease in anticipation of acquisition or construction of structure, system,
or transportation project§ 36-1-10-13
Hearing; procedure; execution of lease§ 36-1-10-17
Annual appropriation and tax levy§ 36-1-10-18
Tax exemption of leased structures, systems, and transportation
projects; taxation of rental paid lessor§ 36-1-10-19
Assignment or conveyance of lease; conveyance of structure, system,
or transportation project§ 36-1-10-2
Definitions§ 36-1-10-20
Repealed