Indiana Code 1-1-16-10. Prohibited purchase, lease, or acquisition adjacent to military installation
Current as of: 2023 | Check for updates
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Sec. 10. (a) After June 30, 2023, a prohibited person may not purchase, lease, or acquire a parcel of real property that is:
(2) directly adjacent to a military installation.
(1) located in Indiana; and
Terms Used In Indiana Code 1-1-16-10
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- military installation: has the meaning set forth in 10 U. See Indiana Code 1-1-16-5
- prohibited person: means either of the following:
Indiana Code 1-1-16-6
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(b) A purchase, lease, or acquisition of a parcel of real property in violation of subsection (a) is subject to divestiture pursuant to section 11 of this chapter.
(c) No title to real property shall be invalid or subject to divestiture by reason of the violation of this section by any former owner or other individual or entity holding or owning a former interest in the real property.
As added by P.L.118-2023, SEC.3.