Indiana § 8-23-18-5 Tax delinquent lands; acquisition after assertion of right of redemption

Indiana Statutes

§ 8-23-18-5 — Tax delinquent lands; acquisition after assertion of right of redemption

Indiana·Art. 23 INDIANA DEPARTMENT OF·Ch. 18 Acquisition of Public Property for Highways

If a right of redemption exists in the owner of
a interest in real property described in section 4 of this chapter that is
asserted in the time and manner allowed and permitted by law, it shall
be treated as any other private interest in real property acquired for
public use by the department. However, if the county or municipality
has placed any improvements upon the real property after acquiring the
real property, the department shall pay the reasonable value of the
improvements. If the reasonable value of the improvements cannot be
determined by agreement, the department may proceed in the name of
the state in the exercise of the right of eminent domain to condemn and
acquire the real property.

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If a right of redemption exists in the owner of
a interest in real property described in section 4 of this chapter that is
asserted in the time and manner allowed and permitted by law, it shall
be treated as any other private interest in real property acquired for
public use by the department. However, if the county or municipality
has placed any improvements upon the real property after acquiring the
real property, the department shall pay the reasonable value of the
improvements. If the reasonable value of the improvements cannot be
determined by agreement, the department may proceed in the name of
the state in the exercise of the right of eminent domain to condemn and
acquire the real property.

Indiana § 8-23-18-5 (Tax delinquent lands; acquisition after assertion of right of redemption) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.