Ind. Code § 36-1-11-15

Current through P.L. 171-2024

Section 36-1-11-15 - Tract transferred as gift by not-for-profit corporation or organization; reconveyance

If a tract was originally transferred to a political subdivision as a gift by a not-for-profit corporation or organization, the disposing agent may convey it back to the original grantor or the grantor's successors with their consent without consideration upon a determination by the disposing agent that:

(1) the property is surplus; and

(2) the original grantor or the grantor's successors are eligible to receive the tract under section 16 of this chapter.

IC 36-1-11-15

As added by P.L. 330-1985, SEC.5. Amended by P.L. 60-1988, SEC.35.