Indiana Code 6-1.1-6-25. Effect of conveyance on classification; new application for divided land; disclosure to purchaser
Current as of: 2023 | Check for updates
|
Other versions
Sec. 25. (a) A conveyance of land which is classified as native forest land, a forest plantation, or wildlands does not release any person acquiring an interest in the land from any obligation or liability imposed under this chapter.
(c) If the owner of land that is classified as native forest land, a forest plantation, or wildlands decides to sell or convey the classified land, the owner must disclose in writing the following information to the potential purchaser:
(b) If land that is classified as native forest land, a forest plantation, or wildlands is conveyed in a manner that divides the classified land into two (2) or more parcels, the owner shall file a new application for each parcel. The new application does not affect the original date of the classification.
Terms Used In Indiana Code 6-1.1-6-25
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(1) That the land is enrolled in the classified land program.
(2) Any potential violations, tax liabilities, and penalties under this chapter.
[Pre-1975 Property Tax Recodification Citation: 6-8-2-12.]
Formerly: Acts 1975, P.L.47, SEC.1. As amended by P.L.66-2006, SEC.23.