Indiana Code 16-24-3-6. Conditions on conveyance or assignment
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Sec. 6. The county may not convey or assign the property unless the following conditions are met:
(2) The deed and contract of conveyance of real property contains a stipulation that the real property reverts to the grantor county if the grantee fails or neglects in the future to operate the clinic for the purposes set out in the contract.
(1) The property is separate and apart from county property used for other county purposes.
Terms Used In Indiana Code 16-24-3-6
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Grantor: The person who establishes a trust and places property into it.
- 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.
[Pre-1993 Recodification Citation: 16-11-10-3 part.]
As added by P.L.2-1993, SEC.7.