Indiana Code 14-13-2-12. Acquisition of property by purchase or lease
(1) any land, property, rights, rights-of-way, franchises, easements, and other interests in real property, including land under water and riparian rights; and
Terms Used In Indiana Code 14-13-2-12
- Bequest: Property gifted by will.
- commission: refers to the Little Calumet River basin development commission created by this chapter. See Indiana Code 14-13-2-2
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
- 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.
that the commission considers necessary or convenient for the establishment, development, construction, improvement, or operation of any projects.
(b) The commission may also acquire land and other interest in real property by:
(1) gift; or
(2) bequest.
(c) The commission shall take and hold title to land and other interests in the name of the state of Indiana.
(d) When acquiring land under this section, the commission shall follow the procedures for the acquisition of land by the Indiana department of transportation.
[Pre-1995 Recodification Citation: 14-6-29.5-5(a).]
As added by P.L.1-1995, SEC.6.