Indiana Statutes
§ 6-1.1-10-34 — Contracts relating to certain exempt property; unenforceability
Indiana § 6-1.1-10-34
This text of Indiana § 6-1.1-10-34 (Contracts relating to certain exempt property; unenforceability) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 6-1.1-10-34 (2026).
Text
(a)A contract is not valid or enforceable in
any court of this state if:
(1)the contract is related to tangible property which is given,
devised, or bequeathed to an educational, literary, scientific,
religious, or charitable institution;
(2)the contract provides that the institution shall pay any income
or proceeds received for the tangible property to the donor, or
other person designated by the donor, for life or for a determinate
period of time; and
(3)the contract does not provide that all property taxes that the
donor would have paid if the donor had retained title to the
property shall be paid by:
(A)the donor;
(B)the person, if any, designated by the donor to receive the
income or proceeds; or
(C)the institution.
(b)Tangible property transferred in the manner described in
s
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Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-1.1-10-34, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-10-34.