36-7-38-14. Agreements With Purchasers, Lessees, and Other Transferees
Sec. 14. (a) The land bank may, as a condition of the purchase, transfer, or lease, require a person to enter into an agreement that conditions the purchase, transfer, or lease on the person fulfilling one (1) or more of the following terms: (1) If the property is a dwelling, reside in the real property […]
36-7-38-15. Usual Procedures for Disposition of Property Not Applicable
Sec. 15. IC 36-1-11 does not apply to a sale, transfer, or lease of property by the land bank. As added by P.L.211-2016, SEC.1.
36-7-38-16. Prohibited Buyers; Delinquent Taxpayers
Sec. 16. (a) This section applies to the following: (1) A person who owes: (A) delinquent taxes; (B) special assessments; (C) penalties; (D) interest; (E) costs directly attributable to a prior tax sale, if the tax sale occurs before July 1, 2016; or (F) costs attributable to a prior tax sale or tax delinquency, if […]
36-7-38-17. Prohibited Buyers; Unauthorized Foreign Business Associations
Sec. 17. (a) As used in this section, “foreign business association” means a corporation, professional corporation, nonprofit corporation, limited liability company, partnership, or limited partnership that is organized under the laws of another state or another country. (b) A foreign business association may not purchase, receive, or lease property from a land bank unless at […]
36-7-38-18. Employees
Sec. 18. (a) Employees of a land bank are not employees of the eligible unit that established the land bank. (b) The board of a land bank may elect by resolution to provide programs of group health insurance for the land bank’s employees and retired employees as provided under IC 5-10-8-2.6. (c) The board of […]
36-7-38-4.5. Boards of Land Banks Made Up of Two or More Eligible Units
Sec. 4.5. (a) This section applies to the board of a land bank established under section 2(b) of this chapter. (b) The interlocal agreement providing for the establishment of the land bank must specify: (1) subject to section 4(a) of this chapter, the number of directors of the board of the land bank; (2) any […]
36-7-38-5. Boards of County Land Banks; Counties Not Having a Consolidated City
Sec. 5. (a) This section applies to the board of a county land bank established by a county that does not have a consolidated city. (b) The board of a land bank to which this section applies is comprised of the following: (1) A director appointed by the county treasurer. A director appointed under this […]
36-7-38-6. Boards of County Land Banks; a County Having a Consolidated City
Sec. 6. (a) This section applies to the board of a county land bank established by a county that has a consolidated city. (b) The board of a land bank to which this section applies is comprised of the following: (1) Three (3) directors appointed by the county executive. A director appointed under this subdivision […]
36-7-38-7. Boards of Land Banks of Second Class Cities
Sec. 7. (a) This section applies to the board of a land bank established by a second class city. (b) The board of a land bank to which this section applies is comprised of the following: (1) Three (3) directors appointed by the executive of the second class city. A director appointed under this subdivision […]
36-7-38-7.5. Boards of Land Banks of Third Class Cities
Sec. 7.5. (a) This section applies to the board of a land bank established by a third class city. (b) The board of a land bank to which this section applies is comprised of the following: (1) Three (3) directors appointed by the executive of the third class city. A director appointed under this subdivision […]