Indiana Statutes
§ 8-16-3.5-4 — Option to purchase bridge
Indiana § 8-16-3.5-4
This text of Indiana § 8-16-3.5-4 (Option to purchase bridge) 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 § 8-16-3.5-4 (2026).
Text
All contracts of lease may provide that a
county has the option to purchase the bridge before the expiration of
the lease contract, the terms and conditions of the purchase to be
specified in the lease, subject to the approval of the department of local
government finance. If the county has not exercised an option to
purchase the property covered by the lease contract at the expiration of
the lease contract, and upon the full discharge and performance by the
county of its obligations under the lease contract, the bridge covered by
the lease contract shall become the absolute property of the county and
the lessor corporation shall execute proper instruments conveying to
the county title to the property.
Formerly: Acts 1975, P.L.92, SEC.2. As amended by
P.L.86-1988, SEC.26; P.L.90-2002, SEC.
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Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-16-3.5-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-16-3.5-4.