Indiana § 6-1.1-23.5-20 Disqualified purchasers; unauthorized business associations

Indiana Statutes

§ 6-1.1-23.5-20 — Disqualified purchasers; unauthorized business associations

Indiana § 6-1.1-23.5-20

Art. 1.1PROPERTY TAXES

Ch. 23.5Collection of Delinquent Personal Property Taxes

This text of Indiana § 6-1.1-23.5-20 (Disqualified purchasers; unauthorized business associations) 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 § 6-1.1-23.5-20 (2026).

Text

(a)This section applies to the following:

(1)A business association that:

(A)has not obtained a certificate of authority from, or registered with, the secretary of state in accordance with the procedures described in IC 23, as applicable; or

(B)has obtained a certificate of authority from, or registered with, the secretary of state in accordance with the procedures described in IC 23, as applicable, but is not in good standing in Indiana as determined by the secretary of state.

(2)A person who is an agent of a person described in this subsection.

(b)As used in this section, "business association" means a corporation, professional corporation, nonprofit corporation, limited liability company, partnership, or limited partnership.

(c)A person subject to this section may not purchase a

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(a) This section applies to the following:
(1) A business association that:
(A) has not obtained a certificate of authority from, or
registered with, the secretary of state in accordance with the
procedures described in IC 23, as applicable; or
(B) has obtained a certificate of authority from, or registered
with, the secretary of state in accordance with the procedures
described in IC 23, as applicable, but is not in good standing
in Indiana as determined by the secretary of state.
(2) A person who is an agent of a person described in this
subsection.
(b) As used in this section, "business association" means a
corporation, professional corporation, nonprofit corporation, limited
liability company, partnership, or limited partnership.
(c) A person subject to this section may not purchase a mobile home
assessed as personal property that is offered for sale under this chapter.
However, this section does not prohibit a person from bidding on a
mobile home assessed as personal property that is owned by the person
and offered for sale under this chapter.
(d) If a person purchases a mobile home assessed as personal
property that the person was not eligible to purchase under this section,
the sale of the property is subject to forfeiture. If the county treasurer
determines or is notified not more than six (6) months after the date of
the sale that the sale of the property should be forfeited under this
section, the county treasurer shall:
(1) notify the person in writing that the sale is subject to forfeiture
within thirty (30) days after the notice if:
(A) the person does not obtain a certificate of authority from,
or register with, the secretary of state in accordance with the
procedures described in IC 23, as applicable; or
(B) the person does not otherwise cure the noncompliance that
is the basis of the person's failure to be in good standing in
Indiana as determined by the secretary of state; and
(2) if the person does not meet the conditions described in
subdivision (1) within thirty (30) days after the notice, refund the
surplus amount of the person's bid to the person.
(e) A county treasurer may decline to forfeit a sale under this section
because of inadvertence or mistake, lack of actual knowledge by the
bidder, substantial harm to other parties with interests in the tract or
item of real property, or other substantial reasons. If the treasurer
declines to forfeit a sale, the treasurer shall:
(1) prepare a written statement explaining the reasons for
declining to forfeit the sale; and
(2) retain the written statement as an official record.