Indiana Code 20-26-7-26. Duties and liabilities of school corporations with respect to municipal assessments for public improvements
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Sec. 26. (a) A common school corporation:
(2) is subject to the same duties and liabilities;
(1) has the same powers; and
Terms Used In Indiana Code 20-26-7-26
- 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
- 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.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- Lien: A claim against real or personal property in satisfaction of a debt.
concerning municipal assessments for the cost of public improvements affecting the common school corporation’s real estate that private owners of real estate possess or to which private owners of real estate are subject.
(b) The real estate of a common school corporation is subject to liens for municipal assessments for public improvements if the real estate:
(1) had been owned by a private owner; and
(2) would have been subject to a lien at the time the lien was attached.
(c) A penalty or an attorney‘s fee concerning a municipal assessment may not be collected from a school corporation.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-33-1.]
As added by P.L.1-2005, SEC.10.