Indiana § 8-3-1.5-6 Disposition of property

Indiana Statutes

§ 8-3-1.5-6 — Disposition of property

Indiana § 8-3-1.5-6

Art. 3RAILROADS GENERALLY

Ch. 1.5State Rail Preservation Law

This text of Indiana § 8-3-1.5-6 (Disposition of property) 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 § 8-3-1.5-6 (2026).

Text

The department may sell, transfer, or lease all,
or any part of the rail properties acquired under the provisions of this
chapter to any responsible person, firm, or corporation for continued
operation of a railroad, or other public purpose, provided that approval
for the continued operation, or other public purposes, is granted by the
Interstate Commerce Commission of the United States, whenever
approval is required. The sale, transfer, or lease shall be for a price, and
subject to any further terms and conditions which the department feels
are necessary and appropriate to effectuate the purposes of this chapter.
Formerly: Acts 1975, P.L.79, SEC.1. As amended by Acts 1980,
P.L.74, SEC.45.

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The department may sell, transfer, or lease all,
or any part of the rail properties acquired under the provisions of this
chapter to any responsible person, firm, or corporation for continued
operation of a railroad, or other public purpose, provided that approval
for the continued operation, or other public purposes, is granted by the
Interstate Commerce Commission of the United States, whenever
approval is required. The sale, transfer, or lease shall be for a price, and
subject to any further terms and conditions which the department feels
are necessary and appropriate to effectuate the purposes of this chapter.
Formerly: Acts 1975, P.L.79, SEC.1. As amended by Acts 1980,
P.L.74, SEC.45.