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Indiana Code Title 36. Local Government § 36-7-38-3

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 3. The bylaws of the land bank must require the board of the land bank to:

(1) approve any purchase, transfer, or lease of real property held by the land bank in an open meeting of the board;  and

(2) consider any pertinent information before approving the purchase, transfer, or lease including:

(A) the assessed value of the real property;

(B) any factors that may affect the current value of the real property;  and

(C) the financial ability of the person to fulfill the conditions of the purchase, transfer, or lease.

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Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-7-38-3 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-7-38-3/

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