Indiana Code 7.1-3-24-3.5. Purchase of permit from permit holder; procedure
(1) The agreement must be signed by the applicant and the current permit holder.
Terms Used In Indiana Code 7.1-3-24-3.5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- real property: include lands, tenements, and hereditaments. See Indiana Code 1-1-4-5
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(A) An itemization of all personal and real property being sold, detailing the sale terms and price for each item.
(B) If the personal property and real property are being purchased by different persons, the purchase agreement must identify the persons purchasing each item of personal property and real property.
(C) Any other information required by the commission.
(b) A purchase agreement provided to the commission is confidential under IC 5-14-3 and may not be disclosed to the public except for the following information:
(1) The type of permit sold.
(2) The permit sale price.
(3) The jurisdiction (city, town, or county) in which the permit is located.
(c) The commission shall maintain a publicly accessible data base of the information listed in subsection (b).
(d) The commission shall review and consider an application for transfer of the permit and a purchase agreement before approving or denying the transfer application.
As added by P.L.285-2019, SEC.46.