Indiana § 8-23-4-9 Abandonment of rights-of-way; reversion or release; consideration

Indiana Statutes

§ 8-23-4-9 — Abandonment of rights-of-way; reversion or release; consideration

Indiana·Art. 23 INDIANA DEPARTMENT OF·Ch. 4 General Highway, Road, and Street Provisions

(a)Whenever the department determines that a part of a right-of-way of a highway will not be needed for highway, street, or road purposes, or to reach the premises of a person other than the owner of the original right-of-way, the commissioner may, by executive order, declare that part of the right-of-way to be no longer useful or necessary for a highway purpose.

(b)A part of a right-of-way subject to an order under subsection (a) ceases to be a public highway and reverts to the person lawfully entitled to the reversion.

(c)If the department acquired the right-of-way subject to an order under subsection (a) by purchase, the department shall demand a consideration in money for the release of the right-of-way, and the release becomes final only upon payment of the consideration. A payment

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(a) Whenever the department determines that a
part of a right-of-way of a highway will not be needed for highway,
street, or road purposes, or to reach the premises of a person other than
the owner of the original right-of-way, the commissioner may, by
executive order, declare that part of the right-of-way to be no longer
useful or necessary for a highway purpose.
(b) A part of a right-of-way subject to an order under subsection (a)
ceases to be a public highway and reverts to the person lawfully
entitled to the reversion.
(c) If the department acquired the right-of-way subject to an order
under subsection (a) by purchase, the department shall demand a
consideration in money for the release of the right-of-way, and the
release becomes final only upon payment of the consideration. A
payment under this subsection shall be credited to the account of the
department and allocated to the fund out of which the right-of-way was
purchased. The amount of consideration must be equal to the fair
market value of the right-of-way as determined by appraisers employed
by the department.

Indiana § 8-23-4-9 (Abandonment of rights-of-way; reversion or release; consideration) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.