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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 16. (a) This section applies to the following:
(1) A person who owes:
(A) delinquent taxes;
(B) special assessments;
(C) penalties;
(D) interest;
(E) costs directly attributable to a prior tax sale, if the tax sale occurs before July 1, 2016; or
(F) costs attributable to a prior tax sale or tax delinquency, if the tax sale occurs after June 30, 2016;
on a tract of real property listed under IC 6-1.1-24-1.
(2) A person who is an agent of the person described in subdivision (1).
(b) A person subject to this section may not purchase, receive, or lease a tract that is offered by a land bank in a sale, exchange, or lease under this chapter.
(c) If a person purchases, receives, or leases a tract that the person was not eligible to purchase, receive, or lease under this section, the sale, transfer, or lease of the property is void and the land bank retains the interest in the tract that the land bank possessed before the sale, transfer, or lease of the tract.
Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-7-38-16 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-7-38-16/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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