Indiana Code 10-16-3-14. Sale of real property; appraisement
Current as of: 2023 | Check for updates
|
Other versions
Sec. 14. (a) If the state armory board sells any real property, the value of the property shall be determined by three (3) disinterested appraisers appointed by the state armory board with the approval of the governor.
(c) Real property may not be sold unless:
(b) Real property may not be sold for less than the appraised value of the real property. If the real property cannot be sold at its appraised value, it may be reappraised.
Terms Used In Indiana Code 10-16-3-14
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- 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.
(1) the governor approves the sale; and
(2) the attorney general states in writing that all the conditions necessary to the legal and valid sale of the property have been fully complied with.
[Pre-2003 Recodification Citation: 10-2-2-19.]
As added by P.L.2-2003, SEC.7. Amended by P.L.38-2011, SEC.9.