Indiana Code 36-1-11-5.6. Sale or transfer of property to a nonprofit corporation
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Sec. 5.6. Notwithstanding IC 5-22-22 and sections 4, 4.1, 4.2, and 5 of this chapter, a disposing agent of a county may sell or transfer:
(2) tangible or intangible personal property, licenses, or any interest in the tangible or intangible personal property;
(1) real property; or
Terms Used In Indiana Code 36-1-11-5.6
- 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.
- Personal property: includes goods, chattels, evidences of debt, and things in action. See Indiana Code 1-1-4-5
- Personal property: All property that is not real property.
for no compensation or a nominal fee to a nonprofit corporation created for agricultural, educational, or recreational purposes.
As added by P.L.10-2001, SEC.1. Amended by P.L.170-2002, SEC.139; P.L.119-2012, SEC.178; P.L.247-2015, SEC.40.