Indiana Code 6-1.1-10-35. School lands; when considered sold
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Sec. 35. (a) For purposes of this chapter, school lands have been sold if:
(2) the purchaser has paid all or part of the purchase money; and
(1) a certificate of sale has been issued to the purchaser or recorded in the proper office;
Terms Used In Indiana Code 6-1.1-10-35
- 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 purchaser has or could have entered into possession of the land.
(b) If subsection (a) of this section is applicable, the land is subject to assessment and taxation in the same manner as if a deed had been delivered to the purchaser.
[Pre-1975 Property Tax Recodification Citation: 6-1-1-30 part.]
Formerly: Acts 1975, P.L.47, SEC.1.