Indiana Code 36-7-38-1. Definitions
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Sec. 1. The following definitions apply throughout this chapter:
(2) “Eligible unit” means:
(1) “Distressed real property” includes real property in a neglected or unmarketable condition.
Terms Used In Indiana Code 36-7-38-1
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(A) a county;
(B) a consolidated city;
(C) a second class city; or
(D) a third class city;
to which IC 36-7-9 applies.
(3) “Land bank” means an entity established under section 2 of this chapter.
(4) “Person” means an individual, a corporation, a limited liability company, a partnership, or other legal entity.
As added by P.L.211-2016, SEC.1. Amended by P.L.110-2017, SEC.4; P.L.26-2020, SEC.4.