CHAPTER 3. ACQUISITION OF PROPERTY BY THE STATE
IC 4-20.5-3
Chapter 3. Acquisition of Property by the State
IC 4-20.5-3-1
Application of chapter
Sec. 1. This chapter does not apply to either of the following:
(1) Acquisition of property under IC 32-24.
(2) Acquisition of property by the Indiana department of
transportation. However, this chapter applies to property
acquired under IC 8-4.5-5.
As added by P.L.7-1993, SEC.7. Amended by P.L.40-1995, SEC.1;
P.L.2-2002, SEC.27.
IC 4-20.5-3-2
Contractual acquisition
Sec. 2. An agency may acquire property from the owner of the
property under a contract between the agency and the owner of the
property.
As added by P.L.7-1993, SEC.7.
IC 4-20.5-3-3
Repealed
(Repealed by P.L.262-2001, SEC.2.)
IC 4-20.5-3-4
Conveyance; procedure
Sec. 4. (a) The instrument conveying the property must show the
state of Indiana as the grantee of the property for the use of the
acquiring agency.
(b) Before the instrument is accepted the following must occur:
(1) The land office must approve the legal description contained
in the instrument.
(2) The attorney general must approve the transaction and the
instrument for form and legality.
(c) The agency shall record the instrument in each county in
which the property is located.
(d) After the instrument is recorded, the instrument shall be filed
in the land office.
As added by P.L.7-1993, SEC.7.
IC 4-20.5-3-5
Repealed
(Repealed by P.L.1-1995, SEC.91.)
IC 4-20.5-3-6
Auctions
Sec. 6. (a) The commissioner may authorize an agency under
IC 5-22-10-6 to acquire property at an auction.
(b) The commissioner shall provide the agency with the maximum
amounts that the agency may:
(1) bid; and
(2) provide as down payment;
in the purchase of property under this section.
As added by P.L.33-1995, SEC.9. Amended by P.L.49-1997, SEC.21.