Indiana § 8-23-7-15 Sale of surplus property separated from abutting parcel; procedure
when abutting property owner fails to accept offer

Indiana Statutes

§ 8-23-7-15 — Sale of surplus property separated from abutting parcel; procedure when abutting property owner fails to accept offer

Indiana·Art. 23 INDIANA DEPARTMENT OF·Ch. 7 Real Property Transactions

(a)If an owner offered surplus property under section 14 of this chapter fails to accept the offer within thirty (30) days, the department may furnish a certified copy of:

(1)the order issued under section 13 of this chapter; and

(2)the appraised value of the surplus property; to the department of administration.

(b)The surplus property may be sold in the same manner as other real property belonging to the state is sold at no less than its appraised value. The proceeds of the sale shall be credited to the department. A sale under this section is subject to the approval of the governor.

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(a) If an owner offered surplus property under
section 14 of this chapter fails to accept the offer within thirty (30)
days, the department may furnish a certified copy of:
(1) the order issued under section 13 of this chapter; and
(2) the appraised value of the surplus property;
to the department of administration.
(b) The surplus property may be sold in the same manner as other
real property belonging to the state is sold at no less than its appraised
value. The proceeds of the sale shall be credited to the department. A
sale under this section is subject to the approval of the governor.

Indiana § 8-23-7-15 (Sale of surplus property separated from abutting parcel; procedure when abutting property owner fails to accept offer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.