Indiana Code 14-27-9-1. Assessments
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Sec. 1. (a) If a nonprofit drainage corporation organized under Acts 1913, c.165 and reorganized under:
(2) IC 23-7-1.1 (before its repeal on August 1, 1991); or
(1) IC 23-7-1 (before its repeal on September 2, 1971);
Terms Used In Indiana Code 14-27-9-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Statute: A law passed by a legislature.
(3) IC 23-17;
determines that repairs to a project constructed under a statute specified in this subsection are necessary, the board of directors may assess the land originally assessed for an amount not more than twenty-five percent (25%) of the original cost of construction.
(b) The schedule of assessments for repairs shall be posted in the offices of the corporation and printed in a newspaper of general circulation in the county.
[Pre-1995 Recodification Citation: 13-2-30-1 part.]
As added by P.L.1-1995, SEC.20.