Indiana Code 20-25-4-14. School cities; power to sell real estate and transfer personal property
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Sec. 14. (a) Except as provided in IC 20-26-7.1, a school city may:
(2) transfer personal property; and
(1) sell real estate;
Terms Used In Indiana Code 20-25-4-14
- Personal property: All property that is not real property.
- Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) execute deeds of conveyance and instruments of transfer with or without covenants of warranty;
if, in the opinion of the board, the real estate or personal property cannot be advantageously used for school or library purposes and can be sold for its fair cash value.
(b) A determination by the board that real estate or personal property cannot be advantageously used under subsection (a) must be entered into the record of the minutes of the school city’s board.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-3-11-25.]
As added by P.L.1-2005, SEC.9. Amended by P.L.270-2019, SEC.5.