This text of Indiana § 8-1.5-2-4 (Sale of nonsurplus property; writing providing for appraisal;
sufficiency of written contracts with appraisers) 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.
Whenever the municipal legislative body or the
municipal executive determines to sell or otherwise dispose of
nonsurplus municipally owned utility property, it shall provide for the
following in a writing that shall be made available, upon request, for
inspection and copying at the offices of the municipality's municipally
owned utility in accordance with IC 5-14-3:
(1)The appointment, as follows, of three (3) residents of Indiana
to serve as appraisers:
(A)One (1) disinterested person who is an engineer licensed
under IC 25-31-1.
(B)One (1) disinterested appraiser licensed under IC 25-34.1.
(C)One disinterested person who is either:
(i)an engineer licensed under IC 25-31-1; or
(ii)an appraiser licensed under IC 25-34.1.
(2)The appraisal of the property.
(3)The time that the apprai
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Whenever the municipal legislative body or the
municipal executive determines to sell or otherwise dispose of
nonsurplus municipally owned utility property, it shall provide for the
following in a writing that shall be made available, upon request, for
inspection and copying at the offices of the municipality's municipally
owned utility in accordance with IC 5-14-3:
(1) The appointment, as follows, of three (3) residents of Indiana
to serve as appraisers:
(A) One (1) disinterested person who is an engineer licensed
under IC 25-31-1.
(B) One (1) disinterested appraiser licensed under IC 25-34.1.
(C) One disinterested person who is either:
(i) an engineer licensed under IC 25-31-1; or
(ii) an appraiser licensed under IC 25-34.1.
(2) The appraisal of the property.
(3) The time that the appraisal is due.
It is sufficient for purposes of this section that the municipal legislative
body or municipal executive provides for the appointment in written
contracts with the appraisers or the firms with whom the appraisers are
employed.
As added by Acts 1982, P.L.74, SEC.1. Amended by
P.L.113-2006, SEC.2; P.L.103-2008, SEC.2; P.L.68-2015, SEC.2;
P.L.98-2016, SEC.7; P.L.229-2019, SEC.7.