Indiana Code 36-7-16-6. Property acquired by default; disposition
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Terms Used In Indiana Code 36-7-16-6
- Agency: refers to the department of metropolitan development in a county having a consolidated city, the works board in second class cities, and the department of redevelopment in other units. See Indiana Code 36-7-16-2
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 6. If the agency acquires title to property as the result of a failure to comply with the terms of a loan made under this chapter, the agency may make the same use or disposition of the property that it may make of any other property to which it acquires title.
[Pre-Local Government Recodification Citation: 18-7-7.5-6.]
As added by Acts 1981, P.L.309, SEC.35.