Indiana Code 20-26-7-5. Conveyance of school property to city authorized
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Sec. 5. Except as otherwise provided in IC 20-26-7.1, a school corporation (as defined in IC 36-1-2-17) may convey property owned by the school corporation to a civil city or other political subdivision for civic purposes if:
(2) the civil city or political subdivision agrees to accept the school property; and
(1) the governing body adopts a resolution recommending the transfer and conveyance of the school property;
Terms Used In Indiana Code 20-26-7-5
- 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.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) the governing body executes a deed for the school property.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-19-1.]
As added by P.L.1-2005, SEC.10. Amended by P.L.233-2015, SEC.108; P.L.189-2023, SEC.7.